In this article I will be doing Elliott Wave Analysis of the Dollar Index, as you can see from the current count that we are in a Wave 4 of a higher degree Wave 3, hence it calls for a buying opportunity.
I believe that the 38.2% level that is coming near 100.24 should act as a Region of Support and hence buying can be initiated there.
Strategy : Wait for reversal near 100.24 to buy. Stop Loss : Close below 98.97 or as per your Risk Management
Targets : T1: 103.94 T2: 105.08 T3: 106.22
Please note that as per this analysis more upside persists but these are the targets in the short term, I will look at further targets in a later post.