TRDVMA

USD started long term Uptrend? Not yet

FX:USDOLLAR   Dollar Index
13 0 0
This morning we saw a fast move up in USD Index. As we speak, the index is at the upper line of the long term trend and possibly completing wave 4. We expect USD Index to fall all the way back to 11630 levels, where it will complete the 5th wave. Only from this point on we would recommend an up-turn in USD Index. Some bear bars in hourly chart occurring at current point will justify end of 4th wave. We are on the watch.

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