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US Dollar Index might drop through $89.70

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Indeks Mata Wang Dolar A.S. (TVC:DXY)  
Finacademy  
TVC:DXY   Indeks Mata Wang Dolar A.S.
Trend Analysis Wave Analysis DJ FXCM Index Technical Analysis
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trendanalysis waveanalysis usdollar technicalanalysis
US Dollar Index had rallied through 90.70 mark as expected and discussed earlier. The index might have carved Wave A and B of a corrective A-B-C structure since 91.60 highs earlier.If correct, the index is preparing to drop towards $89.70 levels from here to terminate Wave C of the proposed corrective drop. It would be Wave 2 termination of a complex correction, giving way for a Wave 3 rally towards 94.50 and higher. Alternately, it is also possible that US Dollar Index is heading lower below 89.20 by unfolding 5 waves lower from here. We keep the bullish count intact for now.

Long against 89.20, towards 94.50
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