It has been some time since I have visited the USD-Index, but it has behaved accordingly to my most bullish short term wave count (see my post on December 15)and wave 3 should still have some way to go before making room for wave 4. I expect wave 3 to end close to 78,47, where it will be 1,618 times longer than wave 1.
In a less bullish wave count we are close to finish wave 1 of one lager degree calling for a deep wave 2 retracement, but that would take a break below 77,38 for that count to become the favorite one.
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