US Dollar Index could drop through @ 92.30/40

US Dollar Index is producing a corrective drop after printing highs at 93.65 last week. The rally between 91.75 and 93.65 was an impulse, confirming that bulls are here to stay for long. Since 93.65 highs, the indice has been producing a corrective wave that could potentially terminate around 92.30/40 mark. It is also the fibonacci 0.618 retracement of the previous rally between 91.75 and 93.65. It is just a matter of time before bulls are back in control pushing prices through 94.50 and higher. Good to buy on dips.

Remain long for now, stop @ 91.50, target is open.


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