US Dollar Index is trading close to 93.25 levels around this time and is looking poised to break higher towards 93.40 levels. Please note 93.40 is the initial resistance and triangle termination and a break higher confirms a meaningful bottom in place at 92.15. The rally between 92.15 and 93.26 will also be the first wave towards a much deeper correction. After a break above 93.40, the index is expected to produce a counter trend/corrective drop towards 92.60 levels before resuming its rally. The index should be bought on dips, going forward.
Remain long, stop @ 92.10, target @ open.
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