Hello everyone, it’s been some time since I shared a free Elliott Wave post here for Forex Analytix readers. The reasoning is simple: we have been trapped in this range for the last two months, if not more, so the dollar is still not going anywhere. My assumption, however, is that the range could be broken to the downside. How far the dollar can actually drop is yet to be discovered, but I’m looking for a potential breach below the July lows to complete an ending diagonal, and then maybe see a reversal later on. Read more