US Dollar Index drops through 92.15. Correction complete ?
US Dollar Index had reversed sharply from 94.30, the November 04, highs and settled at 92.15 today. Possibilities remain both sides but bullish scenario remains intact until 91.75 holds. If a flat is underway from 91.75, US Dollar Index should rally sharply towards 96.00 levels before reversing lower again. A minimum push through 93.50 levels can be expected from here before the index finds resistance again.
Remain long, stop @ 91.75, target @ 96.00
Good luck!
Remain long, stop @ 91.75, target @ 96.00
Good luck!
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