US Dollar Index trades slightly above 55- W EMA, jump till 94 likely
Major resistance - 93 (55- W EMA) US dollar index is continuing its bullish trend for third consective week and broken major resistance 93 (55- W EMA), first time since May 2017. It hits high of 93.08 and is curretly tra…
US dollar index is continuing its bullish trend for third consective week and broken major resistance 93 (55- W EMA), first time since May 2017. It hits high of 93.08 and is curretly trading aorund 93.08.
Any convincing break above 93 confirms minor bullishness , a jump till 94/94.75 is possible.
On the lower side, neare term support is around 91.70 (Weekly kijun-Sen and 20- W MA) and breka below will drga the index down till 91/90.60/90.
It is good to buy on dips around 92.75-80 with SL around 91.70 for the TP of 94/94.75.
