US Dollar Index reached 89.93 yesterday
US Dollar Index fell short of 10-20 points from hitting 89.70 mark, the projected support zone. The index has pulled back from 89.94 and is trading above 90.00 handle again. Please note that potential remains for yet another drop through 89.70/80 levels before US Dollar Index resumes its rally. The Elliott Channel support along with fibonacci 0.786 is also seen towards 89.70, hence a bullish turn remains high probability. Bottom line for bulls to remain in control is 89.20 lows registered on January 06, 2021.
Remain long against 89.20, towards 94.50 and beyond.
Remain long against 89.20, towards 94.50 and beyond.
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