Good day traders! Let’s look at USD Index and its 4h view.
USD Index broke to a new high of the month recently, so we have to respect what market is doing and go with the flow. It’s a sharp rise from the last 24 hours that acts like a wave three of three so more upside is expect as wave 3)/C) is an impulsive wave, so it must be made by five subwaves. Based on Fibonacci projections there is room for 96.00, while market is above 93.79.
USD Index, 4H
