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31 Dec 2014
USD Index back at the highs – EWForecast
FXStreet (Barcelona) - Gregor Horvat of EW-Forecast expects that the USD Index might see a reversal might in the coming weeks, currently trading near its highs.
Key Quotes
“USD Index is back at the highs but in fifth wave so we need to be aware of a potential bearish reversal in weeks ahead. However, there is always possibility for more gains, even towards 91.30 (2 x wave four), so it's important to wait in a confirming price action and that is a five wave of decline from the highs that will put highs in place.”
Key Quotes
“USD Index is back at the highs but in fifth wave so we need to be aware of a potential bearish reversal in weeks ahead. However, there is always possibility for more gains, even towards 91.30 (2 x wave four), so it's important to wait in a confirming price action and that is a five wave of decline from the highs that will put highs in place.”