Dollar index testing 90 level for 4th time since 2008Previous tests of this level were rejected.
FED Reserve has said they don't want the dollar
to go too high. I believe a shorting opportunity
may be near.
Dollar-index
USD indexdifficullt to say what the USD is working on....
shown is a bullish scenario, where:
- blue wave 3 is 1.62% extension of wave 1
- blue wave 4 a triangle
- black 1 reaching the previous 4th wave
-black wave 2 retracing 62% of black 1
I stay sidelines and wait if we get a clear 5 waves up as a confirmation of at least shortterm uptrend in USD.
