US Dollar index has broken major support at 92.55 low made on Aug 2nd 2017 and declined sharply till 91.62 at the time of writing. It is currently trading around 91.82. Short term trend is still weak as long as resistanc…
US Dollar index has broken major support at 92.55 low made on Aug 2nd 2017 and declined sharply till 91.62 at the time of writing. It is currently trading around 91.82.
Short term trend is still weak as long as resistance 93.60 (23.6% retracement of 99.89 and 91.62).
Any violation above 93.60 will take the pair to next level 94.15/95 in the short run. The near term resistance is around 92.55/93.21 (61.8% retracement of 94.15 and 91.62).
The index broken major support 91.92 2016 low and this confirms further weakness, dip till 90 is possible.
It is good to sell on rallies around 92-92.10 with SL around 92.60 for the TP of 90.
