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FxWirePro: US Dollar Index Daily outlook

US Dollar index has broken 94.27 high made on Oct 6th 2017. The index jumped till 95 and is currently trading around 94.99. The near term resistance is around 95 and any break above will take the pair till 95/96.50. The …

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FxWirePro: US Dollar Index Daily outlook
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  • US Dollar index has broken 94.27 high made on Oct 6th 2017.  The index jumped till 95 and is currently trading around 94.99.
     
  •  The near term resistance is around 95 and any break above will take the pair till 95/96.50.
     
  • The index major support is at 94.04 (100 day MA) and any break below targets 93.46 (55- day EMA)/93.10/92.60/92.23 (61.8% fibo).

It is good to buy on dips around 94.50 with SL around 94 for the TP of 96/96.50.

 

 

 

 

 

 

 

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