TVC:DXY   U.S. Dollar Currency Index
We have presented a long term forecast of Dollar Index based on moving averages.
The index is in a downtrend forming a full elliot wave and an ABC correction is due.
It has completed the ‘A’ wave and is currently forming the ‘B’ wave.
We expect the pair to make a minimum 50% retracement which could be a potential reversal zone.
The ‘C’ wave can be an elongated wave and can retrace up to 76% of the original wave.
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