ProficientForex

The last descending wave from Point 2

Long
TVC:DXY   U.S. Dollar Index
In the daily chart, with the termination of the downtrend in the range of 88.25, the uptrend, which is formed with 5 uptrends, has been confirmed, and extended up to the range of 102.99. in continuation, the price has entered the corrective phase of this uptrend, which currently is in the 5th wave from Point C, it can be extended up to the range of 91.50.
Given this scenario, which is also inconsistent with the analysis of the euro and the pound and gold, we expect an increase in the price of the dollar index, which will cause a drop in the EUR /USD up to the level of 1,000.

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