USD Index touched levels near the 93.92 level and later made a new intra-day drop lower. This intra-day fall can now be an early indication of a completed three-wave recovery and more weakness to follow. If that is the case and price breaches below the 92.54 level then we would be certain that more weakness will follow and that price completed a three-wave recovery. A decisive breach below the lower channel line would also be a confirmation for a change in trend.
USD Index, 4H
