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FxWirePro: US Dollar Index Daily Outlook

US Dollar index has recovered mildly till 92.08 yesterday after making a low of 91.01 level. It is currently trading around 91.86. Short term trend is still weak as long as resistance 92.63 (20- day MA and also trend lin…

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FxWirePro: US Dollar Index Daily Outlook
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  • US Dollar index has recovered mildly till 92.08 yesterday after making a low of 91.01 level. It is currently trading around 91.86.
     
  • Short term trend is still weak as long as resistance 92.63 (20- day MA and also trend line resistance) holds.
     
  • Any violation above 92.63 will take the pair to next level 93/93.60/94.15/95 in the short run. The minor resistance is around 91.82/92.27.
     
  • The index major support is at 91 low made yesterday and break below targets 90.

It is good to sell on rallies around 92.50-55 with SL around 93 for the TP of 91/90.

 

 

 

 

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