US Dollar Index - Hourly Chart Wave Counts- December 18, 2017

18 Ara 2017

The US Dollar Index might be looking to retrace lower for now but the overall bullish structure remains intact, as the story looks to unfold. A short term support trend line shown here could be a good measure to determine a bounce ahead of 93.30 or the underlying instrument would drop through 93.20 levels again before resuming. At least for now, the short and medium term outlook looks on the bullish side. Risk remains at 92.50 levels going ahead, for bulls to consider as stop loss. Upside targets remain at 95.00 and 98.00 at least.

Good luck!
Sincerely yours,

Harsh Japee.