Dollar Index Bullish For 83.00 While Above 81.80 by forexpros.com

Dollar Index index is clearly in uptrend mode, in the middle of larger impulsive sequence. A current five wave rally from 78.60 which indicates that wave 3 may slow down, but not ahead of 82.70/83 levels, where we can see a 161.8%, typical Fibonacci projected level for wave 3. Intra-day trend is pointing higher while 82 and 81.85 supports hold.

Forex Analysis by Gregor Horvat at ForexPros. com