Dollar Index

Dollar Index: Many times I go back to my original wave count and that is the right one. After thinking a lot about the possibility of a larger dollar rise and euro decline, the evidence in the short term momentum is waning. So going back to what I wrote at the start of June, that we are in wave C of 2 down ending and wave 3 up for Euro can start. Well the multiple bottoms at the 1.15 level can be an ending triangle in wave C and now we are going up. The daily momentum crossed over to the buy side and 1.1665 is the 20dma above which the odds rise of a positive near term trend. I would start with the presumption that wave 3 up for the Euro and wave 3 down for the Dollar index started.