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One week ago, we discussed two possibilities regarding the US Dollar Index in wave (B) position: we mentioned a flat and a triangle pattern.

It seems that the triangle appears to be the  case now after seeing a three wave rise from 79 to the 80.90 level.

Triangles are five wave patterns, so be aware of a short-term bounce in wave E) towards 80.00 zone before whole structure is complete. Anyhow, we expect a fall beneath 78.50 while 80.90 resistance is in place.


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