US Dollar Index remains bullish above 92.52
US Dollar Index has slipped to 93.25 levels for now and is expected to find support here. High probabilities remain for a meaningful bottom in place around 92.52 over the last week and is expected to hold. The index seems to have completed a complex corrective structure around 92.52, and is now expected to turn higher towards 98.00 levels at least, if not further. Immediate resistance is seen around 94.00 levels and a break higher would confirm that a bottom is in place. US Dollar Index would be a safe buy on dips thereafter.
Remain long, stop @ 92.20, target @ 98.00
Risk Disclaimer:
Trading Forex or any CFD products may not be suitable to all investors and they must evaluate their risk appetite. The above article should not be construed as a trading or investment advice as it is solely for education and information purpose only. Trading might incur a loss of capital and hence investors might be required to gain further knowledge regarding the risks involved. Leverage should be used wisely.
Remain long, stop @ 92.20, target @ 98.00
Risk Disclaimer:
Trading Forex or any CFD products may not be suitable to all investors and they must evaluate their risk appetite. The above article should not be construed as a trading or investment advice as it is solely for education and information purpose only. Trading might incur a loss of capital and hence investors might be required to gain further knowledge regarding the risks involved. Leverage should be used wisely.
Clause de non-responsabilité
Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.