US Dollar Index Wave 1 looks complete @ 93.60/65
US Dollar Index has pushed a bit higher toward 93.65 today, the minimum required was to take out 93.47 handle. Nonetheless, high probability remains for a corrective drop to resume soon. The A-B-C corrective drop could reach 92.30/40 zone, which is close to the fibonacci 0.618 retracement of the entire rally. It is also confirmed that a meaningful bottom is in place at 91.75 and that bulls should remain in control from here. Expecting Wave 2 to resume lower towards 92.30/40 levels.
Remain long and buy more around 92.30/40, stop @ 91.00, target is open.
Good luck!
Remain long and buy more around 92.30/40, stop @ 91.00, target is open.
Good luck!
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