Monday, July 11, 2016

DXY - Dollar index, more gains coming

The Dollar index (DXY) looks bullish and my preferred scenario is that this index will  break out from current levels which would suggest that a wave 3 has started.

An alternative scenario would be that we're currently in a B-wave which would suggest a C-wave down will follow to complete minor wave 2. This would delay the advance of the Dollar by a few days.