Finally, the USD is having a rest from the bullish trend, and this is a good signal. It means the big institutions are starting to use their cash for buying risky assets. Usually, this USD distribution process is called wave 4, then we need a new high in the USD to complete the sequence, and from there, a big leg down will be expected. While the process is completed in the USD, an accumulation is in progress on the EURUSD and the SPX500.
Check the details inside the weekly Elliott Wave Street video.