USD Index Breaks Below 81.70 Which Opens The Door For 81.00

USD-index extended its losses yesterday and fell through 81.70 swing low from mid-April which makes a corrective decline from 83.50 much more complex than firstly thought. We are tracking a new five wave decline now from 83.20 which represents wave (C), final leg of a zig-zag in wave E that could look for a bottom around 80.80-81.20 area. 

USD Index DAX 4H Elliott Wave Analysis Chart [click here]

For more analysis visit us at http://www.ew-forecast.com/ 

Absolutely FREE 7-day Trial Is Available to New Members!