The USD index fell to a new low as shown on the 4h chart below, which means that USD bulls are not here yet, but we see the market in the fifth wave. However, a fifth wave is also an impulsive leg so it must be made by five smaller waves before we can expect any significant changes in the trend.
USD Index 4h Elliott Wave Analysis
Well, looking at EURUSD, which has an inverse relation to the USD index, we see room for a higher EUR as the leg from 1.1125 is not in five waves yet. That said, the pair can extend even above 1.1500 in session ahead as long as market trades above 1.1275, which is invalidation level as coming fourth wave must not trade into wave 1.
EURUSD 1h Elliott Wave Analysis