Elliott waves analysis – Wait

The US Dollar continues to rally to the lower side but is still in an active uptrend on the weekly chart, we expect the current bearish price rally to be a corrective wave count and may see the price break and close below the previous day’s lowest low, but should not go beyond the previous month’s lowest low. As it is right now, we are waiting for possible low risk buy positions with an ideal target set at 140.0 and may likely continue much higher.

Wait