20 Aug 2020 ● 04:42 AM
The dollar index bounced back from the lower Bollinger band. We are now at the end of wave III. Either the bottom is in or we form an ending diagonal in wave v of III down before bouncing back to the upper Bollinger band near 94.40 or the upper channel around the same level. The bounce is wave 4 and will be followed by wave 5 down later. You may also observe 2 positive RSI positive divergences on the chart.