US Dollar Index potential bottom formed around 92.47 ?

22 окт. 2020 г.

US Dollar Index might have completed its corrective drop a-b-c around 92.47 yesterday. The structure is looking 3-3 for now and might be preparing to unfold in 5 waves, to complete a 3-3-5 flat. Yet another shallow drop towards 92.40 cannot be ruled out though, which is fibonacci 0.786 retracement of the earlier rally between 91.75 and 94.75. Bulls are expected to stay in control from here but bottom line is at 91.75; it should hold.

Remain long, stop @ 91.75, target @ 96.00 and 98.00

Good luck!