July to mid August, The dollar index rose to 81.72, the bullish head and shoulder moved very nice up to 81.72 before pulling back last week to 81.42. I remain bullish on the dollar index with an eye on 81.26 to hold to continue the up move.
This week is full of very important fundamental news coming from UK, Europe, we will see choppy trades during the week until Friday, Housing starts and permits are the main focus for this week events, keep and eye on them they will move the market.
I am looking for a bounce from 81.26 to continue the up move, to 82.20 and higher, all will depend on how strong US fundamental new will be this week. Don’t forget the Kiwi and Aussie, they are moving according to the set up I have posted last month and we are in the green big time since the posts.
US Dollar Index
Elliott Wave Harmonic 