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Add as a preferred source on Google FxWirePro: US Dollar Index Daily Outlook Major resistance – 94.27 (Oct 6th 2017 high). US Dollar index is consolidating after hitting high of 94.02. The pair dipped till 93.68 and is currently trading around 93.87. The near term resistance is around 94.27 and a…
By FxWirePro Team Oct 24, 2017, 12:40 PM UTC
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Major resistance – 94.27 (Oct 6th 2017 high).
US Dollar index is consolidating after hitting high of 94.02. The pair dipped till 93.68 and is currently trading around 93.87.
The near term resistance is around 94.27 and any break above will take the pair till 94.60/95.
The index major support is at 93.39 (55- day EMA) and any break below targets 93.10/92.60/92.23 (61.8% fibo)/91.62.
It is good to buy on dips around 93.70-75 with SL around 93.35 for the TP of 94.27/95.
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