USD Index: A Turning Point Around 80.00 Level?

USD Index: A Turning Point Around 80.00 Level?USD index fell to a new swing low, to 80.00 region where market could form a tradeble low for wave (B)/(2). The fact is that decline from the highs is looking corrective, a double zigzag, so sooner or later USD is expected to turn bullish.

Current leg down is probably part of a complex downward correction, wave C) in a second zigzag so bottom could be near.

Forex Analysis by Gregor Horvat at ForexPros. com