The Dollar index (DXY) seems to have completed wave 4 in an "expanded flat". So I assume it's now in the process of developing a minor wave 1 (of larger wave 5).
An alternative scenario would be that it is now in the process of making an X-wave and wave 4 turns out to become a "double three". Either way, this picture suggests a decent rally is coming and ultimately we will see new highs.
