Hi All,
Here's my view on the development of USDOLLAR. I expect USDOLLAR to go up to as high as 12365 in the next month or so and then be substantially retraced back, possibly in the lower 11000. The whole structure looks like an expanded flat correction and there's plenty of room within the Elliott channel to be filled with green and red bars. So I expect a lot of movements first up and then down, possibly till mid April. Then, and only then, we are going to see a spectacular rise of the Dollar in purple w(5).
Have a nice week-end!
Here's my view on the development of USDOLLAR. I expect USDOLLAR to go up to as high as 12365 in the next month or so and then be substantially retraced back, possibly in the lower 11000. The whole structure looks like an expanded flat correction and there's plenty of room within the Elliott channel to be filled with green and red bars. So I expect a lot of movements first up and then down, possibly till mid April. Then, and only then, we are going to see a spectacular rise of the Dollar in purple w(5).
Have a nice week-end!