The Dollar moved lower as our previous analysis expected and ended .04 points above our target zone for the completion of wave ii orange.

Since then we have seen a clear increase in upwards momentum which is typical third wave behavior.

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The Dollar continued higher as our last analysis expected and we also received confirmation as the alternate daily wave count was invalidated.

This increases the likelihood of the Dollar moving higher although we present another alternate daily wave count today that may see the Dollar move to a new low before the trend change.

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The main hourly wave count has been invalidated since our last analysis. Our main wave count and the alternate hourly therefore remain valid.

We only have one daily wave count with two possible hourly wave counts today.

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The main hourly wave count from our last analysis was invalidated as the Dollar continued lower.

We present two possible wave counts today. The structure is not as clear as we would like it to be, we do however expect these are the two most likely wave counts.

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The main hourly wave count from our last analysis was invalidated which confirmed the alternate hourly wave count that expected further short term downwards movement. We did however not see enough downwards movement to our target.

We only have one possible wave count today that expect to see the Dollar continue higher.

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