USD Index: Bulls Continue To Dominate; More Upside In View After Wave 4

USD Index: Bulls Continue To Dominate; More Upside In View After Wave 4

27 May 2016, 12:50
Roberto Jacobs
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USD Index: Bulls Continue To Dominate; More Upside In View After Wave 4

on the sharp rise and has reached our minimum upward projections at 95.17 resistance last week, but bullish momentum was strong so there is still room for more strength ahead after recent corrective set back, that shows black wave 4, so extended wave 3) can see a continuation towards 96 and 96.50 while market trades above 94.32. Keep in mind that USD index might have started a new big uptrend continuation after 12 months of a downward correction shown on daily and monthly charts, so be aware of stronger buck across the board.

USD Index, 4H

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