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Add as a preferred source on Google FxWirePro: US Dollar Index Daily Outlook U.S dollar index has slightly declined after hitting high of 93.95 yesterday. It is currently trading around 93.48. In the daily chart, index upside capped by 10 day MA at 94.15 and any break above will take the DXY till…
By FxWirePro Team Jul 31, 2017, 12:49 PM UTC
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U.S dollar index has slightly declined after hitting high of 93.95 yesterday. It is currently trading around 93.48.
In the daily chart, index upside capped by 10 day MA at 94.15 and any break above will take the DXY till 94.86 (21- day EMA)/95.36 (daily Kijun-Sen).
On the lower side, any close below 93 will drag the index till 90 in the short term.
Short term bearish invalidation only above 97.87.
It is good to sell on rallies around 9375-93.80 with SL around 94.35 for the TP of 93/91.95.
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