ewtrader86
Short

Dollar general strength due for a medium term correlation

FX:USDOLLAR   Dow Jones FXCM Dollar Index
33 0 0
Here is a long term dollar chart that I am going to use for the rest of 2016. The general dollar strength took us too far to fast. A correction is needed, which is either a long term big B wave to correct the entire rally since 2012, or a medium term correction that mostly likely targets 11800 handle. The more bullish count is labeled as gray count, which have a invalidation point or region of lower degree wave 4 at around 11670.
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