US Dollar Index looks to be reversing from 92.70 highs today. The high probability wave count could be of an expanded flat in the making since 92.52 highs earlier; which has been marked as potential a-b of the proposed a-b-c structure. If correct, the indice could reverse sharply lower from here and drop through 90.70 or at least towards 91.30 levels respectively. Alternately, a continued rally could push towards 93.00/50 levels from here, which seems remote probability with RSI bearish divergences.
Remain long against 89.70, towards 94.50
Remain long against 89.70, towards 94.50