US Dollar Index counter trend into play towards 92.30
US Dollar Index has through 93.43 levels today, remaining shy by only 4 pips from 93.47 resistance and previous Wave 4 termination of a lesser degree. A 5 wave rally looks complete from 91.75 through 93.43 levels, confirming a bottom in place. Bulls are here to stay after a potential corrective drop. The fibonacci 0.618 retracement is pointing towards 92.30 levels and remains potential termination for the A-B-C corrective drop, going forward. Shall update when counter trend gains momentum.
Positional traders remain long, stop @ 91.00, target is open.
Good luck!
Positional traders remain long, stop @ 91.00, target is open.
Good luck!
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