US Dollar on its way to terminate its first impulse from 92.15 ?

20 באוג׳ 2020

US Dollar Index might have carved a meaningful bottom around 92.15 levels. The index has rallied through 93.00 handle as we prepare to publish this update and there is still room left for a push towards 93.40. Please note 93.40 was previous wave 4 and triangle termination. At the moment, the index seems to be working on a lower degree wave iv before pushing higher to terminate its first impulse wave from 92.15 mark. The structure is on its way for potential trend reversal.

Remain long, stop @ 92.10 target @ open


Good luck!