AndyM

USDOLLAR update: EUR to decline to 1.08 before rally

FX:USDOLLAR   Dow Jones FXCM Dollar Index
Good morning! Here's a quick update on USDOLLAR (DXY). The structure of the X wave becomes more clear, in fact it unchanged since the last update: we are in for a zigzag, which started May 14th and the market is still tracing its C wave, which is impulsive and is slower than A wave, so adheres to what's usually expected from a zigzag.

Not too many changes, I still expect EUR to go down slightly, also Crude and USDCAD will make new lows/highs before reversal.
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.