US Dollar Index potential support seen @ 89.80

22 בפבר׳ 2021

US Dollar Index might be still unfolding its complex corrective structure and terminate potential Wave 2 around 89.80 levels. The overall structure since 89.20 lows on January 06, 2021 is looking constructive for bulls as they prepare to care a higher low around 89.80 zone. If the above is correct, let us prepare for a steep rally towards 94.50 and higher as Wave 3 unfolds. Alternate count suggests a drop close to 89.20 before finding support again.

Remain long against 89.20, towards 94.50