USD Index Trades Into Some Important Supports
Gregor Horvat | Jun 03, 2015 04:40AM ET
Yesterday we have seen some sharp move against the USD but for overall direction we have to look at USD index, where we highlighted 96.00 as important level on any deep pullback. We have seen this level tested which is now holding well. A decline is still only in three waves against previous five waves up, so current decline can be just temporary. That said, reversal up above 96.80 would make an overlap with wave A and confirm further bullish trend.
USD Index 4h Elliott Wave Analysis
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