keep an eye on this very very very key level on the USD Index. correspondingly, here’s a EURO BUY PATTERN present inverse to the USD. (it’s usually how it works)
these are the key levels …be on the lookout.


last post on EURO and USD: https://bartscharts.com/2021/05/23/us-dollar-index-and-euro-come-to-papa/
this is a VERY nice SELL PATTERN on the USD that, if it works, would take us into the monster BUY zone depicted on the last blog.
if you have been following my blog, you’ll remember the big measured moves that were around when the dollar was carving out THE low. they have appeared/are appearing again. w/ a wrinkle … using “basic” monthly cycle tools you can see that we have a BIG cycle coming in this month which lines up w/ the measured move target zone a little lower in the index. this could be a BIG DOLLAR MOVE higher ….
below you’ll find the chart that started the dollar bears growling and stopped the dollar bull in it’s track. the form, proportion and balance are amazing and exact. take time to study this chart
since then, the USD Index has basically been carving out what looks like a flat correction and then higher … you can read prior posts to see if this was an A-B-C correction or 1,2,3,4 (in work/finishing) and then higher in a big 5th wave. we are getting a little below the end of wave 1 which breaks a rule if your a purist but it sure looks like we are bottoming. then, the last chart is an intraday chart showing a possible mathematical derivation of wave length based on fibo relationships that could get us into the target zone … so, stand by, as this is a BIG level coming up on the USD.
CLIFF NOTES:
CLIFF NOTES: the EURO bottomed on June 05,2014. It’s been correcting for 18 (long days). The most recent correction that occurred (intra day) on Friday was, just that, a corrective move in what I believe is the last leg of a “long” flat correction. Targets in/around 1.3700 are a good place to get into a short. Additionally, we could still POP up to 1.3800 so need to continue to monitor and be patient.
In any event the 1.39930 is KEY to the thesis that our 3 wave 1.5 year correction (labeled below as W-X-Y) is complete and we are on the verge of a major move lower in the EURO vs USD.