USD index fell sharply on US elections day, but the market quickly realized that Trump's victory may not be so bad for the US and the dollar itself since he supports the idea of higher interest rates. As such, the market turned up as US elections results were coming out. We have seen a nice bounce from 95.90, where rising trendline and 61.8% Fib. retracement held as a very good support. We have seen a nice and strong recovery in the last 48 hours, clearly in an impulsive fashion which we believe belongs to a much bigger trend. In the short-term, however, we can see a corrective setback with small three waves before the market goes even higher, for 100.
USD Index, 4H
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