DXY: Dollar Index Update - Still Bullish to 94
Updated
DXY Dollar Index Update
After consolidating back to the lower parallel at 91.49 the
Dollar has pushed higher towards the near term upside target
at 92-55-92.64 range where it should consolidate again back
to the lower parallel one last time before moving higher to
the next upside target at 94.03.
The overall trend remains positive whilst DXY stays within
the larger parallels governing this impulse wave from
inception. Look to continue to sell EURUSD (as per comment)
and other pairs into DXY consolidation until the 94 target is
achieved.
After consolidating back to the lower parallel at 91.49 the
Dollar has pushed higher towards the near term upside target
at 92-55-92.64 range where it should consolidate again back
to the lower parallel one last time before moving higher to
the next upside target at 94.03.
The overall trend remains positive whilst DXY stays within
the larger parallels governing this impulse wave from
inception. Look to continue to sell EURUSD (as per comment)
and other pairs into DXY consolidation until the 94 target is
achieved.
Note
DXY CloserNote
DXY Longer TermDXY Longer still
Note
DXY UpdateNow testing the next line of resistance and likely to consolidate a little before pushing higher still EURUSD also on the parallel now, see next comment
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