The US Dollar Index bears have taken a break now allowing a counter trend rally since recent swing lows at 95.00 levels. The pullback rally could be just complete at 95.90 levels or could be complete just around 96.00 levels going forward. Please note that prices are quickly approaching the fibonacci 0.618 resistance of the recent drop between 96.96 and 95.00 levels respectively, which is not highlighted here. Looking at the larger structure, the US Dollar Index seems to be underway to potentially unfold the 3rd of 3rd wave of Wave (C), within the expanded flat (A)-(B)-(C) as labelled on the daily chart view here. Overall, bearish mode to continue until prices remain below 97.00 levels respectively.
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Disclaimer:
This written/visual material is comprised of personal opinions and ideas. The content should not be construed as containing any type of investment advice and/or a solicitation for any transactions. It does not imply an obligation to purchase investment services, nor does it guarantee or predict future performance. FXTM, its affiliates, agents, directors, officers or employees do not guarantee the accuracy, validity, timeliness or completeness of any information or data made available and assume no liability for any loss arising from any investment based on the same.