FxWirePro: US Dollar Index upside capped by 20 –day MA, good to sell on rallies
U.S dollar index shown a minor jump till 92.66 yesterday after making a low of 91.01.The index is currently trading around 91.83. The upside is capped by 20- day MA, daily Kijun-Sen and trend line resistance at 92.60. An…
U.S dollar index shown a minor jump till 92.66 yesterday after making a low of 91.01.The index is currently trading around 91.83.
The upside is capped by 20- day MA, daily Kijun-Sen and trend line resistance at 92.60. Any close above this level confirms bullish continuation and a jump till 92.95 (34- day EMA)/93.11 (23.6% retracement of 99.89 and 91.01).
On the lower side, minor support is around 91.62 low made on Aug 29th 2017 low and break below will drag the index down till 91/90.
It is good to sell on rallies around 92.15-92 with SL around 92.66 for the TP of 91.
