US Dollar Index might find support @ 91.00
US Dollar Index had bounced off the fibonacci 0.618 retracement of lower degree wave i around 91.35 levels. Still, probabilities remain for another drop towards 91.00 mark, before the index rallies further towards 93.00 and 94.50 levels respectively. Preferred wave counts are presented on chart here but alternate counts remain possible as a triangle or an expanded flat. Either way, US Dollar Index remains a good candidate to be bought on dips until 89.20 stays intact.
Remain long against 89.20, towards 94.50 and higher.
Remain long against 89.20, towards 94.50 and higher.
Penafian
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