7pasos
Long

Fibo says 85.51-62

ICEUSA:DX1!   U.S. Dollar Index
222 1 0
If this is an impulse to the upside, which seems very possible the chances are more inclined to see the upside pressure continue till the 85.60 objective be reached.
The reason for this si 3 things:
1) the ending channel allows space even to a greater up side objective
2) the fibo guidance that says that wave 4 tends to divide the wave into sections commonly at 50% 50% points to the 85.62 for the next target
3) the 161.8 times wave ((1)) coincide for just 11 thicks with this objective making a fibo cluster.
JimFred PRO
3 years ago
Based on Gann square and EW, I think it will face big resistance at 84.75 (ish). It will likely need to back off and try again later.
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