9 Jan 2015
USD Index might see a correction to 91.40 – EWForecast
FXStreet (Barcelona) - Gregor Horvat of EW-Forecast, notes the USD Index might undergo a correction towards 91.40 levels, anticipating sellers to show up as the pair trades near new highs.
Key Quotes
“USD Index is at new high, now already in fifth wave of recovery that we see it as a final leg within an extended wave 3. As such, sooner or later price will find some sellers that will cause a corrective set-back into a fourth wave of a higher degree; possibly back to 91.40.”
Key Quotes
“USD Index is at new high, now already in fifth wave of recovery that we see it as a final leg within an extended wave 3. As such, sooner or later price will find some sellers that will cause a corrective set-back into a fourth wave of a higher degree; possibly back to 91.40.”