Dollar Index: The Retracement Might Be Coming To and End Or Over

Short

U.S. Dollar Index (TVC:DXY)

Updated

TVC:DXY U.S. Dollar Index

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Comments on the chart

Comment:

Price fell hard today helping the idea. We are not out of the woods yet though. According to EW this final wave 5 can be a complex movement and all we know is that price should take out the 88.60 low. So I am looking at this one closely

Comment:

solid downmove again today closing on 89 the figure. This downmove caused the euro to fly today despite a wobble this afternoon when US CPI and Retail Sales were announced in favor of the US$. Price is only 0.60 away from the lows. I am looking for this low to break and price head for 88 the figure. Noe price has fallen from 90.50 in more o less a straight line so I will not discount the possibility of some retracement before the final move down

Comment:

Price has just hit the wave 3 bottom

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about DXY 3

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