US Dollar Index counter trend to terminate around 90.30/40

4 Mar 2021

US Dollar Index continues to unfold its counter trend drop that had begun from 91.40 levels earlier. Waves a and b within the proposed a-b-c drop were terminated around 90.60 and 90.96 respectively. Wave c probably seems to be underway now and might drag towards 90.30/40 mark before terminating. The larger degree wave counts suggest Wave 3 is unfolding and a iii of 3 wave should resume higher from 90.30/40 levels anytime soon.

Remain long against 89.20, towards 94.50