ew-forecast
Long

USD Index : Correction Seems Completed

TVC:DXY   US DOLLAR CURRENCY INDEX
USD Index made a nice pullback into the area of a former wave four, where new swing occurred. Price bounced up from 96.63 that can be end of a wave 2 so we see price now at the start of a new bullish impulse. There is a chance that market will continue up into big wave 3 this month, so dollar could get very strong against the major currencies . Invalidation level is now at 96.63, so as long this swing low holds, trend is up. Any reversal back to this low will suggest that wave 2 is still unfolding.

Our previous updates on this chart :
USD Index : Correction Could Follow In Days Ahead


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