DXY (Dollar Index) Daily Outlook (Count 3)

Wait 5 sec.

DXY (Dollar Index) Daily Outlook (Count 3)U.S. Dollar Currency IndexTVC:DXYTheWaveCaveThis is a daily timeframe outlook of the DXY . This is in alignment with my previously posted weekly outlook and is a slight alteration of the last posted Daily outlook, both shown in the related publications area. In this update I am looking for the DXY to continue lower potentially in an ending diagonal pattern towards the red and yellow target zones at around 93.8. As mentioned on the chart, if we see price decline in a traditional impulse with no overlap between wave 4 and 1 then the measured move target will be surpassed. I have a short trade shown on the DXY chart but this is only indicative of the move I expect, I am instead long EURUSD which moves inversely to the DXY. More comments on the chart.