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Add as a preferred source on Google 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…
By FxWirePro Team Sep 13, 2017, 12:38 PM UTC
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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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