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Add as a preferred source on Google FxWirePro: US Dollar Index Daily Outlook US Dollar index has recovered sharply till 93.20 at the time of writing after hitting low of 91.62. It is currently trading around 93.07. Short term trend is still weak as long as resistance 93.60 (23.6% retracement of 9…
By FxWirePro Team Aug 31, 2017, 1:37 PM UTC
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US Dollar index has recovered sharply till 93.20 at the time of writing after hitting low of 91.62. It is currently trading around 93.07.
Short term trend is still weak as long as resistance 93.60 (23.6% retracement of 99.89 and 91.62) holds.
Any violation above 93.60 will take the pair to next level 94.15/95 in the short run.
The index major support is at 91.62 low made Aug 28th 2017 and break below targets 90.
It is good to sell on rallies around 93.20-25 with SL around 93.60 for the TP of 92.55/91.70.
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