Tuesday, July 23, 2013

Elliott Wave Forecast: USD Index Could Find A Support Around 82.00

USD Index has moved out of wave B range yesterday so prices are now already in wave C, final leg of a three wave decline. As such, traders must be aware of a trend reversal, especially if we consider that move out of a triangle is final within larger structure. From a confirmation point of view we need impulsive rally back through 83.15 to turn bullish on the buck.
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