Based on the Elliot wave count we are currently on a long for wave 4 retracement.

but on the 1H time frame analysis shows a possibility of a retest of the broken lower timeframe bearish trend before a new bullish move.

I am expecting either a buy from 93.20- 90.0 regions or a buy above the immediate resistance level @ 93.65


DXYElliott WaveSupport and ResistanceTrend AnalysisDJ FXCM Index

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