The Dollar Index (DXY) is in wave 5 of larger wave C so we can assume that the dollar rally which started in 2008 is in its late stages and a dollar sell off is around the corner( in a few months).
At the same time the Euro Index is ready for a last plunge which corresponds well with the EUR/USD picture I got in mind.
So regardless what the media tells you about rising rates in the US and years of USD gains, stick to Elliott and watch this rally fizzle out soon. I'm going to update these charts every 2 weeks or so, I don't know what you people are going to do but I'm going to catch a major top.😎
BTW If it plays out this way, the Euro will gain but there are probably better options like commodities or commodity currencies (AUD/NZD/CAD).
