US DOLLAR CURRENCY INDEX

usd trend

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Euro has great influence on UXY. Several Europe economic indicators have got new higher scores. Recently Euro/USD resists bears attack at 1.3800. Federal Funds Rate is a good indicator to present attraction of USD. At some extent USD is not popular to speculator. Look at this picture, we can see wave five is failed. We can identify wave A easily. Wave A is ending diagonal. Wave B is symmetric diagonal. So we can hope UXY go through a to e. When UXY in e stage, if macd or rsi arise end deviation, we can buy USD.

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