Long term trend: Up
Medium term trend: Up
Significant Levels: 11217 (Horizontal Support)
It is clear in the chart that US Dollar is strong. The uptrend is very clear. There's not much to be said here, but always take note that this index is useful especially for EURUSD pair.
As you can see in the chart, there is no resistance. It's because this index made a new high and still the price did not find a new resistance.
The bottom line here is that USD is strong and this is best to trade against weaker currencies.
Trade well.
Medium term trend: Up
Significant Levels: 11217 (Horizontal Support)
It is clear in the chart that US Dollar is strong. The uptrend is very clear. There's not much to be said here, but always take note that this index is useful especially for EURUSD pair.
As you can see in the chart, there is no resistance. It's because this index made a new high and still the price did not find a new resistance.
The bottom line here is that USD is strong and this is best to trade against weaker currencies.
Trade well.