USDX Possible wave count
USDX moved exactly as I mentioned in my previous analysis. I warned everyone that a bounce is coming and we saw a strong bounce towards 97.50-97.60 now pull back is underway which I expect to end in the area 97.00-97.20. We could see the possible wave 3 from these levels. We have a cloud support at current levels which will stop USDX to drop further.
Recommendations: Go Long from current levels with stop loss at 96.50. Target 98.50-99.
Good Luck..
Recommendations: Go Long from current levels with stop loss at 96.50. Target 98.50-99.
Good Luck..
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.