FUNTRADER-Vera

2702 DXY ongoing with a new 5-wave circle

Short
TVC:DXY   U.S. Dollar Index
DXY got rejection from the red zone since last week.

It almost hit 100 but drop down hardly from there where it finished a 5-wave uptrend swing.

The new circle is now assumed with 5 waves to run too.
The new support could be 98. After that, new lows are possible for next impulse downtrend swing untill it hit
96.50.

Need to check all currency that has strong relationship with dollars now.

Good luck!!!

LESS IS MORE!
Comment:
DXY found its support now.
That is one of the reason EURUSD now is meeting strong resistacne level now.
Trade closed: target reached

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