Today’s technical outlook on the USD Index

Daily chart

Price gapped down to MS1 on open. Stoch is oversold. We dont have a trend. Personally Im looking at this as a RANGE. The top being 101.20 and the bottom 98.65. Im planning for a rally up to top of the range.

H4 chart

Price gapped down to the weeks target. This is also previous swing low support. PIVOT theory suggests that the move from here is a counter trend up to WPP. WPP is also where price will be closing its weekend gap.

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