According to Masterforex-V Academy, the mid-term and long-term trends of the USD index became clearly bearish not so long ago. The price is currently forming a correction against wave A/B of Daily 2. The borders of the wave are 79,021 - 81,500. The can be used to built a Fibo grid.
The starting point of the downward move is the high of wave B = 76% = 81,290. The second starting point for another bearish move is 80,9700. At this point, the price is forming wave cC of level H8.
Pivot 2 for the entire movement is 80,967. If it is broken, the entire bearish move will be completed. Pivot 2 and two sloping channels (81,500 - 81,290 and 81,290 - 80,970 ) are defending the bearish trend.
The bearish targets are:
80,260=50%;
79,967=62%;
79,605=76%;
79,313=88%
