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[QUOTE="Elliottwave-Forecast, post: 135884, member: 40858"]
[SIZE=6][B]DXY Elliott Wave View: Zigzag Correction[/B][/SIZE]

DXY Dollar Index Short Term Elliott Wave view suggests that the Index ended Primary wave ((3)) at 91.01 and currently in a Primary wave ((4)) bounce. Internal of Primary wave ((4)) is unfolding as a zigzag Elliott wave structure. Preferred view suggests rally to 92.01 completed Intermediate wave (A) and dip to 91.71 ended Intermediate wave (B) as an expanded Elliott wave FLAT. Expect the Index to continue higher towards 92.71 – 92.95 area to complete Primary wave ((4)). Afterwards, the Index should resume the decline lower or at least pullback in 3 waves. We don’t like buying the Dollar Index. Expect sellers to appear at 92.71 – 93.33 area for a 3 waves reaction lower at least. If the rally in the Dollar Index extends beyond 93.33 (1.168 extension), the move from 9/8 low could unfold as impulse instead.

[SIZE=3][B]DXY 1 Hour Elliott Wave Chart[/B][/SIZE]
[URL='https://elliottwave-forecast.com/wp-content/uploads/2017/09/USDX-6020170913210109-1.jpg'][IMG]https://elliottwave-forecast.com/wp-content/uploads/2017/09/USDX-6020170913210109-1-1024x517.jpg[/IMG][/URL]
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