31 Aug 2020 ● 06:57 AM
The dollar index remains relentless and the most recent drop comes on the back of statements from FED chair Powell. Now is wave 4 over? Hard to say. I would like to think worst case some triagle is still forming and wave 3 of the triangle in wave 4 with a move up to 93.35 at least shows up. Then we will fall into wave 5 down, the final decline for the 1st larger wave of a bear marke in the dollar.