US Dollar Index Wave 2 is progressing towards 92.30/40. A potential flat might be unfolding (3-3-5) wave structure. Within the proposed corrective drop, A-B-C, Wave A might be close to termination around 93.00 levels. The index should produce slight corrective rally around fibonacci 0.50 of Wave A, before reversing lower towards 92.30/40 levels. Trading opportunities are on both sides for aggressive traders as the counter trend unfolds.
Remain long, add more around @ 92.30/40, target is open.
Good luck!
Remain long, add more around @ 92.30/40, target is open.
Good luck!