Dollar Index – Bearish impulse is over – May 4th, 2021

As you can see on the 15m chart below, there’s a downward five-wave price movement, which is supposed to be wave 1. The 200 Smoothed Moving Average has been broken, so an upward correction is likely underway. If so, the pair should continue developing wave 2, probably as a zigzag, in the next couple of days.

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