The US Dollar Index hourly chart is suggesting that the index might still be unfolding Wave B (potential remains to either test 95.70 levels or print higher towards 96.00), before resuming its journey lower again. The corrective wave seems to be taking mire time to carve a potential top for Wave B termination and it might be unfolding into a zigzag . Overall, the structure is looking bearish and it is just a matter of time when wave C could resume lower; from 95.70 or 96.00 levels again. Please note that 94.80 remains the line in sand for bulls to stay in control for now.
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This written/visual material is comprised of personal opinions and ideas. The content should not be construed as containing any type of investment advice and/or a solicitation for any transactions. It does not imply an obligation to purchase investment services, nor does it guarantee or predict future performance. FXTM, its affiliates, agents, directors, officers or employees do not guarantee the accuracy, validity, timeliness or completeness of any information or data made available and assume no liability for any loss arising from any investment based on the same.
Disclaimer:
This written/visual material is comprised of personal opinions and ideas. The content should not be construed as containing any type of investment advice and/or a solicitation for any transactions. It does not imply an obligation to purchase investment services, nor does it guarantee or predict future performance. FXTM, its affiliates, agents, directors, officers or employees do not guarantee the accuracy, validity, timeliness or completeness of any information or data made available and assume no liability for any loss arising from any investment based on the same.