US Dollar Index might be preparing to drop towards 91.00 levels before resuming its rally. The index remained in control of bulls since 89.20 lows and managed to carve Wave 1 and 2 higher towards 91.00 and 89.70 levels respectively. If the above holds well, Wave 3 seems to be underway towards 93.00 and 94.50 respectively. A Gartley might be underway towards 91.00 levels before bulls take control back.
Long against 89.20, towards 94.50
Long against 89.20, towards 94.50
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.