The USD-Index mad a perfect touchdown at the 38.2% retracement point of the rise from 79.50 to 88.72. The lowest point of wave (iv) of one lessor degree was just below the 38.2% retracement target at 85.13. A break above 86.53 would indicate, that wave v of 3 up has begun.The ideal target of wave v of 3 would be near 90.78.
If you look at the EUR/USD chart below you can see, that it didn't make it all the way back to the 38.2% retracement target at 126.18. A break below 122.55 would be an indication that wave v of 3 down has begun. Wave v of 3 should break below 118.75 for an ideal target near 114.47.
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