USD Index may run out of steroids later in 2017
Nearly six months ago when we launched ForexAnalytix, our analyst Gregor Horvat highlighted his bullish view on USD index through his Elliott Wave charts. Specifically, he pointed out that the DXY could see the 105 area, and here we are today, with the USD very strong across the board and EURUSD moving south, just 350 points away from parity.
A lot of traders are wondering if this dollar trend will be sustained throughout 2017 or if it is about to change. Well, 2017 may definitely be another interesting year of trend cycles for the buck based on Grega’s view as highlighted in the video below.
No matter if you are an experienced Elliott Wave trader or still at the start of your trading carrier, we believe that Grega’s charts are unique and may help you a lot when it comes to advanced technical approach to the markets.
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