US Dollar Index had rallied from yesterday's low around 93.17, and managed to print higher towards 93.91 before pulling back today. It could be possible that the index might have completed its impulse wave that had begun since 92.52 earlier. If the above is correct, we might be witnessing a corrective drop towards 93.00 mark, which is fibonacci 0.618 retracement of the above rally. Bottom line is that prices mus stay above 92.52 to keep bulls in control.
Buy @ 93.00/05, stop @ 92.20, target @ open.
Good luck!
Buy @ 93.00/05, stop @ 92.20, target @ open.
Good luck!