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US Dollar Index completes 5 waves lower at 92.48 ?

US Dollar Index completes 5 waves lower at 92.48 ?

US Dollar Index print yet another low towards 92.48 today before reversing higher. The index is trading at 92.56 for now and might have completed 5 waves lower from 103.00 mark. The entire structure might still be a part of an expanded flat corrective drop 3-3-5, which completed its last wave sub-dividing into 5 waves. If the above is correct, US Dollar Index might be soon preparing for a turn higher towards 98.00 at least. Please note 98.00 is the previous Wave 4 termination of one lesser degree.

Remain long, stop @ 92.10, target is open

Risk Disclaimer:

Trading Forex or any CFD products may not be suitable to all investors and they must evaluate their risk appetite. The above article should not be construed as a trading or investment advice as it is solely for education and information purpose only. Trading might incur a loss of capital and hence investors might be required to gain further knowledge regarding the risks involved. Leverage should be used wisely.

from Trading Ideas
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