2018-08-15

EUR vs DOLLAR INDEX

IN THE NAME OF ALLAH THE MOST GRACIOUS THE MOST MERCIFUL
EUR VS DOLLAR INDEX , DAILY CHART, AS I STATED EARLIER IN 29/4/2018 THAT THE INITIAL TARGET OF DOLLAR AT 95 LEVEL, THEN 97, MY ESTIMATION WAS ESTABLISHED THAT THE DOLLAR FINSHED THE BULL MARKET WHICH HAD BEGUN IN 2008, AND CORRECTION FROM 103 LEVELWAS A ZIGZAG LABALED A-B-C, AND THE STRONG SNAPBACK FROM LOW OF 88 WAS WAVE B, HOWEVER, THIS SCENARIO IS STILL ALIVE SO FAR. I ADDED ANOTHER PROBABILITY THAT THE DOLLAR MIGHT COMPLETED WAVE (4) AT LOW OF 88 AS AN EXPANDED FLAT, AND WAVE (5) HAS COMMENCED, IN SHORT TERM DOLLAR GONNA HIT AT MINIMUM 98.35 OR HIGHER ,WE HAVE PROLONGED MINUTE WAVE 5 OF MINOR WAVE 1 OF INTERMEDIATE WAVE 5
EVENTULLY, DOLLAR FORMED UGLY HEAD AND SHOULDERS BOTTOM, UPSIDE TARGET COULD HIT 101-102 AREA
ON THE OTHER HAND EUR FORMED HEAD AND SHOULDERS TOP, DOWNDISE TARGET SET AT RIUGHLY 1.0475, IN NEAR TERM EUR COULD HIT AT MINIMUM 1.1242
DONT FORGET , IN ELLIOTT WAVE THAT FINAL MOTIVE WAVE NORMALLY MAKES A SWIFT AND SHARP MOVE ,
TO THOSE WHO TRADE WITH PAIRS WHICH HAVE INVERSE CORRELATION WITH DOLLAR..... Y‘ALL SHOULD TAKE CUATION