The US Dollar Index, 4H view might be suggesting a potential bounce around current price action (96.20/30). Keeping our previous discussions intact, we are presenting an alternate wave count, which could be wave 4 (of a lower degree) termination at 94.10 lows today. If Looking at the drop fro 97.00 levels, the US Dollar Index has unfolded into 3 waves A-B-C, until now. Furthermore, a potential channel support is also seen around current level at 96.26. A bullish reversal here may suggest that the indice might push above 97.00 level, as wave ((5)) of the higher degree, before dropping lower. Until prices stay above 94.90 levels, the possibility of presented alternate counts remain.
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This written/visual material is comprised of personal opinions and ideas. The content should not be construed as containing any type of investment advice and/or a solicitation for any transactions. It does not imply an obligation to purchase investment services, nor does it guarantee or predict future performance. FXTM, its affiliates, agents, directors, officers or employees do not guarantee the accuracy, validity, timeliness or completeness of any information or data made available and assume no liability for any loss arising from any investment based on the same.
Disclaimer:
This written/visual material is comprised of personal opinions and ideas. The content should not be construed as containing any type of investment advice and/or a solicitation for any transactions. It does not imply an obligation to purchase investment services, nor does it guarantee or predict future performance. FXTM, its affiliates, agents, directors, officers or employees do not guarantee the accuracy, validity, timeliness or completeness of any information or data made available and assume no liability for any loss arising from any investment based on the same.