The short term wave development in the [U.S. Dollar Index] and the [Euro] has slowed to a crawl. Still, our forecasts for each currency remains intact. Intermediate wave (5) started at the 91.919 low on May 3 in the U.S. dollar and should carry prices to new highs. The key level for the bullish case remains the May 3 low. The euro should decline below the 1.0910 low on June 24 to complete Minor wave D of Intermediate wave (B). If prices close above 1.1222, the rising trendline from December, it would suggest that Minor wave E may already be underway.