US Dollar Index had rallied from 92.70 lows over the last week ruling out a standard flat terminating around 92.30/45 mark. The most probable wave structure could be: Wave 1/A between 91.75 and 93.50; Wave 2/B termination around 92.70 and Wave 3/C could be underway towards 95.00 and 98.00 levels from here. If the above unfolds, 92.70 should remain intact. Alternate count comes into play on a break below 93.20.
Long against 91.75, target is open.
Good luck!
Long against 91.75, target is open.
Good luck!