USDISK. End of the miracle
Iceland people deserve good words as they could manage the strong financial crisis and an awful devaluation of krona in 2008 (>160%).
Since then the ISK won back the most of the loss against the dollar almost hitting the 61.8% Fibonacci.
In spite of this, the structure of the chart calls for another rise of USDISK at least to the former top beyond 150 level.
Before that, there is another drop is pending in wave 5 of C to complete the correction.
Since then the ISK won back the most of the loss against the dollar almost hitting the 61.8% Fibonacci.
In spite of this, the structure of the chart calls for another rise of USDISK at least to the former top beyond 150 level.
Before that, there is another drop is pending in wave 5 of C to complete the correction.
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