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Elliott Wave Charting: Dollar Index Bullish View


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Elliott Wave Charting

Dollar Index

The dollar index moved higher over the past sessions, and broke through the upper line of a down-trend channel that suggests even more strength to come. In the near-term, higher levels are expected to be seen in a red wave 3)/C) after wave 2)/B) found intra-day support at the 80.92 region. The next upward target is around 81.70 where a break-out will put 82.24 and even higher levels in play. The MACD is bullish.

TheLFB UsdTheLFB Charting: Dollar Index 4h view

 

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