US Dollar Index Wave 2 unfolding as a flat towards 92.45?

17 thg 9, 2020

US Dollar Index seems to have carved Wave B within A-B-C correction to terminate Wave 2. The structure might be still unfolding as a standard flat 3-3-5. If the above unfolds accordingly, we should witness a 5 wave drop towards 92.30/45 levels from here as Wave C unfolds. The overall structure remains bullish though and it is always safe to buy on dips. In the next few trading sessions, we might witness a drop to fibonacci 0.618 retracement at 92.45 potential Wave 2 termination.

Remain long against 91.75, target is open.


Good luck!