US Dollar Index has been unfolding a corrective drop since 94.75 highs. It seems to have completed an a-b-c drop through fibonacci 0.618 retracement of the earlier rally between 91.75 and 94.75 respectively. The wave structure unfolding could be a standard flat 3-3-5, and pushing higher towards 96.00 and 98.00 respectively, over the next several weeks. Bottom line, prices should stay above 91.75.
Remain long, stop @ 91.75, target is 96.00 and 98.00
Good luck!
Remain long, stop @ 91.75, target is 96.00 and 98.00
Good luck!