US Dollar Index Wave 2 potential termination @ 92.30/45

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Bottom line: US Dollar Index bulls should remain in control until 91.75 holds good. The rally between 91.75 and 93.65 looks impulse, potential Wave 1. The past resistance at 93.47/50 has also been taken out, confirming potential trend reversal ahead. The indice trades below 93.00 levels and could terminate Wave 2 around 92.30/45 mark, fibonacci 0.618 of the above rally. Once complete, US Dollar Index bulls would be back in control as Wave 3 resumes higher.

Long against 91.75, target is open.


Good luck!