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USD Index Could Bounce Higher

Discussion in 'Forex Trading Signals & Forecasts' started by Sandra S., Feb 5, 2016.

  1. Sandra S.

    Sandra S. Forum Member

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    USD Index is accelerating to the downside after 98.45 was broken this week which puts wave C) in play that already took out that 97.22 low. However, weakness may not be here for a long-time as current decline from 99.87 can already be in late stages with five subwaves. As such, traders must be aware of a bounce; ideally in impulsive fashion back above 97.50. In that case we would look for a low in place. USD Index, 4H

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