The US Dollar Index has now rallied almost 200 points and has met our minimum projected expectation at 95.70 levels yesterday. Believe it or not, the short term rally that was anticipated could be complete at 95.75 levels, or very close to termination. Looking at the wave structure, an expanded flat corrective a-b-c also looks to be potentially done. If this count holds true, prices may remain below 95.80 levels and continue to drift lower below 93.80 levels going forward. A safe trading strategy could be to remain short until prices remain below 97.00 levels.
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This written/visual material is comprised of personal opinions and ideas. The content should not be construed as containing any type of investment advice and/or a solicitation for any transactions. It does not imply an obligation to purchase investment services, nor does it guarantee or predict future performance. FXTM, its affiliates, agents, directors, officers or employees do not guarantee the accuracy, validity, timeliness or completeness of any information or data made available and assume no liability for any loss arising from any investment based on the same.
Disclaimer:
This written/visual material is comprised of personal opinions and ideas. The content should not be construed as containing any type of investment advice and/or a solicitation for any transactions. It does not imply an obligation to purchase investment services, nor does it guarantee or predict future performance. FXTM, its affiliates, agents, directors, officers or employees do not guarantee the accuracy, validity, timeliness or completeness of any information or data made available and assume no liability for any loss arising from any investment based on the same.