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Dollar Index

8 Feb 2021 ‚óŹ 08:20 AM

The dollar index did not reach the top end of the channel where c = a. But wave c have completed 5 waves already and Friday night's decline could mean that the small bounce in wave 2 of 3 is over and wave 3 of 3 down is starting. The next few days would be critical in confirming this position. On the lower side a break of the rising channel below 90.62 would be a clear sign that wave 3 down has started.

The dollar index did not reach the top end of the channel where c = a. But wave c have completed 5 waves already and Friday night's decline could mean that the small bounce in wave 2 of 3 is over and wave 3 of 3 down is starting.

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