US Dollar Index prints yet another high around 94.48 today
US Dollar Index might have carved a meaningful higher low around 92.68/70 levels last week. The Wave structure might be construed as potential Wave 1 and 2 in place around 93.47 and 92.60/70 already. Since then a Wave 3 rally is unfolding and it could continue through 95.00 and higher going forward. US Dollar Index had earlier dropped in 5 waves from 103.00 through 91.75 respectively. The index might be poised to complete a meaningful corrective wave through 98.00 mark going forward. Good to buy on dips from here on.
Remain long, stop below 91.75, target remains open.
Risk Disclaimer:
Trading Forex or any CFD products may not be suitable to all investors and they must evaluate their risk appetite. The above article should not be construed as a trading or investment advice as it is solely for education and information purpose only. Trading might incur a loss of capital and hence investors might be required to gain further knowledge regarding the risks involved. Leverage should be used wisely.
Remain long, stop below 91.75, target remains open.
Risk Disclaimer:
Trading Forex or any CFD products may not be suitable to all investors and they must evaluate their risk appetite. The above article should not be construed as a trading or investment advice as it is solely for education and information purpose only. Trading might incur a loss of capital and hence investors might be required to gain further knowledge regarding the risks involved. Leverage should be used wisely.
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