E Elliott Wave Analysis: USD Index Could Be In For A Correction; 95.00 Possible Support Zone

USD Index is on the sharp rise for the last few weeks, now in subwave five of 3) that is trading around 96.00 resistance at the moment where upside can be limited at the start of this week. We know that after every five waves market will make an opposite move with three legs, so be aware of a corrective red wave four set-back once again to 95.00 area which would be an ideal region for a new bounce.

USD Index, 4H

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