USD Bounced High From Fibonacci Support
Gregor Horvat | Aug 31, 2015 04:19AM ET
US Dollar Index made a nice pullback recently to around 92.45 where market found a support and turned back above 96.00 which confirms the fact that retracement from 100.64 was a corrective move. We see now a completed wave IV so gains area expected to continue through the upper side of a channel in September. Ideally wave V will rally towards 103-106 by the end of the year.
USD Index Daily Elliott Wave Analysis
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