On the 4h chart of USD Index we have seen a deep decline over the past few months, clearly in three waves with recent push down to be wave C) that shows signs of a low near 98.0 area. Notice that the market has turned nicely higher from there, clearly in impulsive price action which we see it as part of an uptrend. Expect more upside after any near-term set-back, while price trades above 98.83.
USD Index, 4H
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