The Outlook For The US Dollar In The Months To Come
TECHNICAL ANALYSIS
by JP Morgan head of technical analysis Craig Ferguson
The longer term outlook for the USD is at a potential turning point, and despite the current rally in the USD Index over the course of the last week, we believe that the USD should continue lower over the course of the next three months.
The longer term Elliott Wave-based outlook suggests that the USD Index may have completed the entire rally from the October 1999 97.00 low at the recent 112.80 high on May 19. In addition, the rally from the
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