US Dollar Index preparing to rally twards 95.00 at least

5 בנוב׳ 2020

US Dollar Index seems to be unfolding as an A-B-C standard flat since 91.75 lows earlier. Waves A and B are in place at 93.74 and 93.47 respectively. Further, Wave C might have terminated Waves 1 ad 2 at 94.30 and 93.20 respectively, or is unfolding Wave 2 as triangle. Either way, the index is expected to stay above 92.47 if Wave 3 should resume higher towards 94.75 and beyond.


Remain long, stop @ 91.75, target is @ 95.00, 96.00 and 98.00


Good luck!