USD Index has turned nicely higher in October, which looks like an impulsive price move that is most likely finished after this strong bearish turn from 99.10. We see it as wave A) of a three wave decline as shown on our 4h wave count. If we are correct then we can expect more downside to around 96.00-96.50 area this month, before price may turn back to bullish mode.
USD Index, 4H
