US Dollar Index potential Wave 4 underway towards 93.98 ?

28 thg 9, 2020

US Dollar Index might have carved Waves 1, 2 and 3 around 93.50, 92.60 and 94.65 respectively. If potential Wave 4 is underway, it should terminate around 93.98 and stay above 93.50 (Wave 4 does not enter Wave 1 in an impulse). Thereafter, we can expect a push towards 96.00 to complete its first impulse rally. Alternately, if prices drop below 93.98 and push through 93.50 it might indicate Wave 3 still in progress. Bulls remain in control until 91.75 remains intact.

Long against 91.75, target is open.

Good luck!