USD Index is on the sharp rise for the last few weeks with impulsive personality that recently accomplished subwave 3) around 96.00 area where upside was limited but only for a short period. We know that after every five waves market will make an opposite move with three legs, so current turn lower is probably a corrective red wave four that reached support at 95.00 area of a formal wave 4 and the 38.2 Fibonacci mark which usually acts as a turning point, thus meaning that a new continuation higher could already be in place.
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USD Index, 4H