US Dollar Index is pulling back as expected after hitting slight higher levels around 91.39 today. The index has reversed through 91.17 levels as we prepare this article and is expected to push further towards 90.30/40 levels in the next 1-2 trading sessions. The wave structure still remains constructive for bulls as Wave 3 seems to be progressing higher towards 94.50 going forward. Wave i of 3 seems to be in place at 91.39 and the index might be underway to terminate Wave ii lower towards 90.30/40 mark. If correct, Wave iii would resume higher soon towards 94.50 mark.
Remain long against 89.20, towards 94.50
Remain long against 89.20, towards 94.50