US Dollar Index has bounced off 89.70 mark as expected and discussed earlier. It has managed to reach 90.40 levels, and managed to take out initial resistance at 90.40/45 as seen on the chart here. The rally between 89.70 and 90.41 can be marked as lower degree Wave i, which could give way for a corrective drop towards 89.90/90.00 levels. After terminating potential Wave ii around 89.90/90.00 mark, the US Dollar Index might be ready to rally towards 91.60 and higher, as Wave iii unfolds.
Remain long against 89.20, towards 94.50 and further
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