US Dollar Index has carved Waves 1, 2 and potential 3 higher around 91.00, 89.70 and 93.45 levels respectively. If the preferred counts are correct, a potential Wave 4 could be underway towards 92.00, which is fibonacci 0.382 of Wave 3 as projected here. Alternately, if Wave 3 is extending, the corrective drop might reach 91.10 before turning bullish again. Either way, US Dollar Index is expected to produce a corrective wave lower, before resuming its trend higher.
Remain long against 89.20, towards 94.50
Remain long against 89.20, towards 94.50