US Dollar Index might have carved potential lower degree wave ii of 3 around 93.50 levels. The index seems to be ready for yet another push higher beyond 94.75 over the near term. Alternately it might have carves Wave 4 of a leading diagonal and preparing to terminate as Wave 5 around 96.00, to complete the structure. Either way, the US Dollar Index should remain bullish until prices stay above 91.75.
Remain long, stop @ 91.75, target is open.
Good luck!
Remain long, stop @ 91.75, target is open.
Good luck!