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..