US Dollar Index progressing in Wave C towards 96.00 at least.

3 thg 11, 2020

US Dollar Index remains buy on dips for now and it might be heading towards 96.00 and 98.00 in the weeks to come. A 3-3-5 corrective flat is underway since 91.75 and the last Wave C seems to be unfolding. Either Wave iv has terminated at 93.58 or the index is working on a corrective Wave 2 after terminating Wave 1 around 94.28. Either way, a push through 96.00 seems high probable.

Remain long, add more @ 93.00, stop @ 91.75, target @ 96.00 and 98.00


Good luck!