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.
Wave 5 should be relatively small in comparison. The big move will be shorting the next leg in the dollar.
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Same view. I'm excited how far wave 5 will go.
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