Today’s focus will be on the USD Index.
The USD index is showing some upward price action today as USD/CHF and USD/JPY turn higher, while EUR/USD falls below 1.18. Technically speaking we see the USD Index in a bullish pattern after moving five waves higher and then deeper overlapping pullback to 93.00 region, where a new turning point higher can follow; into wave c) above 94.00.
USD Index, 1H
