TTCSteve

US Dollar near key juncture pre-FOMC

Short
INDEX:DXY   US DOLLAR CURRENCY INDEX
5
The DX is just below the 97-97.20 optimum target for the wave ii of c of IV which should be followed by a strong wave c of IV lower. 97.50 to 98.50 provide the resistance zone, but the lower level should be more than enough risk if this count is correct. Targets are in the 93-90 region for wave IV.

Related Ideas

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.