US Dollar Index might prepare to drop through 91.00
US Dollar Index might drop towards 91.00 levels in the next 1-2 days before resuming higher again. The structure still remains constructive for bulls a the expected drop would just complete a corrective wave (ii), within Wave 3 rally towards 94.50 levels. The existing wave structure from 89.20 lows might be indicating that Wave 1 and 2 might have terminated around 90.95 and 89.70 levels respectively. Alternately Wave 2 might be carving an expanded triangle structure. Either way, US Dollar Index remains a good case to be bought on dips as long as 89.20 remains intact.
Remain long against 89.20, towards 94.50
Remain long against 89.20, towards 94.50
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