The past days the Dollar Index has been touching the lower range, it lackek bullish momentum to bounce back up cancelin the 5th wave. ADX shows that the bearish trend is still strong while the Stoch Rsi still indicates strong sell pressure. Because of this we can assume that the Dollar Index will break-out of the lower range next week.
Possible targets 98 and 97. Please note that on allot of Dollar pairs you see setups against the dollar, so this alligns with the bearish setup on the Dollar index.
Possible targets 98 and 97. Please note that on allot of Dollar pairs you see setups against the dollar, so this alligns with the bearish setup on the Dollar index.