US Dollar Index might find support @ 91.50/55
US Dollar Index has managed to correct lower as expected but has reached the fibonacci 0.50 around 91.50/55. A bullish turn here could still resume its uptrend and push higher towards 92.50 and 93.50 over the next few trading sessions. Structurally, US Dollar Index seems to be unfolding Wave 3 higher towards 94.50 and 95.50 since printing lows at 89.70 earlier. Bulls are expected to stay in control until above 89.20 mark.
Long against 89.20, towards 94.50
Long against 89.20, towards 94.50
Penafian
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