DXY Short Term Elliott Wave view suggests that Intermediate wave (3) ended with the decline to 88.44. The Index is correcting in Intermediate wave (4) to as a double three Elliott Wave structurewhere Minor wave W ended at 89.64 and Minor wave X ended at 88.55. Near term focus is on 89.75 – 90.49 areea to end Minor wave Y of (4), then Index should resume the decline lower or pullback in 3 waves at least. We don’t like buying the Index and expect sellers to appear from the above area for a 3 waves pullback at least.
DXY 1 Hour Elliott Wave Chart
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