USD Index Could Find A Support Around 82.00

USD Index Could Find A Support Around 82.00The USD Index has moved out of wave B range yesterday so prices are now already in wave C, final leg of a three wave decline. As such, traders must be aware of a trend reversal, especially if we consider that move out of a triangle is final within the larger structure.

From a confirmation point of view we need an impulsive rally back through 83.15 to turn bullish on the buck.

Forex Analysis by Gregor Horvat at ForexPros. com