US Dollar Index is testing a bearish PRZ aka Potential Reversal Zone aka a harmonic pattern’s completion zone. This suggests a pull back potential to initial targets at 89.841 or 88.867, below there has the ideal minimum retracement target at 86.47 and ideal target at 76.705 with scaling points at 83.805 and 82.745.
Failure to pull back to these targets or a bounce at them or a hold above 91.962 has upside continuation ideal target at 104.567 and scaling points aka potential rejection levels, at 93.925, 96.164 and 100.503.
Currently the bias is to upside until can hold below 88.767 then more important below 86.470.
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by Kathy Garber