USD Index Trading In A Bullish Impulse, With More Upside To Fill
|USD index is back at the highs as EURUSD fell to a new low, so we see index in bullish mode. An updated wave structure on 4h shows idea of an extended wave 3) now that can be in final stages as we see current leg up from 97.60 as subwave 5 of 3). If that's the case, then this is still only a start of a big bullish breakout based on our prediction on higher time frame charts, where we expect a continuation not a wave five. We see market in bullish mode as long as 96.23 area is not breached. However, in the near-term traders should be aware of a contra-trend reaction.
USD Index, 4H
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