I've been looking at EUR, DXY, Cable, and Swissy for a while now and my counts are all pointing to USD falling. (Please review my previous posting) - This also tells me that the looney will be falling as well.
Revised count:
Wave 1 - From the top labelled as (c), A clear 5 wave impulse down Wave 2 - Flat correction Wave sub 1 of 3 - from the top labelled c, another clear 5 wave impulse down Wave sub 2 of 3 - Flat correction
Elliot wave guideline: Both corrective flat wave 2 retraced to around 90% of the previous impulse - an indicator of a flat correction termination point.
Forecast wave - We should now see the beginning of a wave 3 to the downside
Let's see what the French Elections hold as the results could push the USD down (Finally)