USD remains one of the stronger currencies in this period of uncertainty in the FX markets. The US Dollar Index, that had reached a two-decades high earlier this month, has broken the resistance of its Falling Wedge pattern on the 4H graph and it is returning to its upper trend.
If this trend continues, the Dollar Index might try to test again the level of 105. Otherwise it might return within the Falling Wedge pattern and test the support at 103.40
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If this trend continues, the Dollar Index might try to test again the level of 105. Otherwise it might return within the Falling Wedge pattern and test the support at 103.40
Risk Disclosure: Trading Foreign Exchange (Forex) and Contracts of Difference (CFD's) carries a high level of risk. By registering and signing up, any client affirms their understanding of their own personal accountability for all transactions performed within their account and recognizes the risks associated with trading on such markets and on such sites. Furthermore, one understands that the company carries zero influence over transactions, markets, and trading signals, therefore, cannot be held liable nor guarantee any profits or losses.