Today’s technical outlook on the USD Index
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.
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.