DXY Quick Elliott Wave Overview Before NFP

5. Jan.

The Dollar Index has been trading upwards since December 28. Price action looks like a clean motive wave, and I’m looking at the current move from 102.15 (January 04) as the final 5th leg. Expecting to see a pullback towards the 102.00 area after wave (v) completes; for the potential ending point of the current 5th leg, we are looking at 102.87 - 103.07 area (inv 127.2% and 161.8% of 5=4).