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Add as a preferred source on Google FxWirePro: US Dollar Index upside capped by 23.6% fibo, good to sell on rallies U.S dollar index has declining after a minor recovery till 93.77. It is currently trading around 93.32 In the daily chart, index upside capped by 21 day EMA at 94.01 and any break above will take the DXY till 95. On the …
By FxWirePro Team Aug 8, 2017, 1:19 PM UTC
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U.S dollar index has declining after a minor recovery till 93.77. It is currently trading around 93.32
In the daily chart, index upside capped by 21 day EMA at 94.01 and any break above will take the DXY till 95.
On the lower side, any close below 93 will drag the index till 91.92/90 in the short term.
Short term bearish invalidation only above 97.87.
It is good to sell on rallies around 93.50-93.60 with SL around 94.05 for the TP of 92.55/91.95.
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