US Dollar Index counter trend expected to reach 92.65

2020年8月26日

US Dollar Index is still unfolding its corrective drop and is expected to reach 92.65 mark before resuming its rally. The index must stay below 93.47 levels to keep the above count valid. The overall trend remains Up, after bulls managed to produce an impulse wave through 93.47 earlier. The index might still be working on a corrective a-b-c drop towards 92.65, before bulls are back in control. Also note the fibonacci 0.618 retracement is seen through 92.65 mark, which remains high probable Wave c termination zone. Looking higher towards 98.00 mark thereafter.

Remain long, stop @ 92.10, target remains open.


Good luck!