TimStuyts

Dollar index update

TVC:DXY   US DOLLAR CURRENCY INDEX
229 0 14
The short worked out great and the move lower was very impulsive. I don't really like the count for wave '1' with a bottom @ 98.22. However all rules are followed in terms of wave count and I think we might see another leg lower. The trade plan however will be simple as always. I will wait to see whether we get a correction from here (which seems to have started already) to sell the next leg lower.

If on the other hand we saw the bottom already (which I don't favor at this point) I will wait for an impulse-consolidation and trade the continuation.

Updates will follow either way

Below my previous post of dollar index            
Dollar Index

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