USD Index: An Impulsive Uptrend

 | Jul 10, 2013 10:05AM ET

USD has extended its gains in the last few days and is now showing a clear impulsive, bullish formation. It seems that market is in the middle of a black wave 3 that may be targeting 85.00. However, before this level is achieved we may see a minor corrective pull-back down to 84.10.