DX

Bullish Outlook :

It is expected the U.S. Dollar would likely still be in Intermediate-degree wave (5), which should be traced out in five-wave structure through 104.02, where the same degree waves (5) and (1) are equal.

Based upon the bullish count, the current decline could find its support around the 97.36 level.

Note : Shown on the 2nd chart below, is another alternate count.

DX - WeeklyDX - Weekly1

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