DXY could be in the last wave of the corrective structure before another big drop.
Current position is wave 4 of c of C of (4).
Short term weakness shouldn't fool you and I expect wave 5 to come and lift the index higher at least to the 91.50
where wave c=a, after that we should be cautious as another big drop would come
It is quite useful to analyse alter-egos (mirror) eurusd/dxy as you can find clues in one instrument, which is not obvious in the other.
I supposed quitting eurusd (see related) as I found the clue in the dollar index.
Current position is wave 4 of c of C of (4).
Short term weakness shouldn't fool you and I expect wave 5 to come and lift the index higher at least to the 91.50
where wave c=a, after that we should be cautious as another big drop would come
It is quite useful to analyse alter-egos (mirror) eurusd/dxy as you can find clues in one instrument, which is not obvious in the other.
I supposed quitting eurusd (see related) as I found the clue in the dollar index.
Comment:
invalidation below 90.05
