The US dollar has been behaving quite well despite of the bad fundamentals, because the market is driven by social mood, not economic news. The economy lags the market.
The greatest thing about the Elliott Wave Principle is that you know when your scenario is wrong. Every scenario has its own invalidation level and this limits the number of possible scenarios.
Previous analysis: http://ewminteractive.com/the-rebirth-of-the-us-dollar/