Hi , Traders , i m putting an update for the Dollar index chart that has proved very accurate from my previous post for it , i m expecting a bounce up in the dollar at the 2 levels i m showing on the chart which will be the end of wave 5 up in the EURUSD.
yesterday , the price action was messy after the FED'S Decision , and its hard to accurately apply the EW Counts on the small time frames but as i m showing in the 2H chart for the EURUSD , i m expecting a consolidation pattern to form which will be the 4th wave of the 5th wave up , 1.40 is a critical level to watch now , 1.4200-50 is the resistance on the upside .
as soon as i recognize any pattern , i ll post the update for this chart here with lower timeframes but i would say everyone should be cautious on the long side from here , as i m expecting a bounce in the Dollar index at the 2 levels shown on the chart , the bottom could be around 75
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