Todays outlook on the USD Index
Market is bearish. Price is bearish. Price has been stuck between WM1 and WS1. We are at support so from here Im expecting price to start doing higher highs and lows up to 101.00 resistance level. A break below this support zone (marked with green rectangle) would mean a lower low and a BEAR Index TECHNICALLY.
Price opened the day at 99.85 which has been holding as support. If price drops below this support next support is DM2. Seeing that price bonuced of DM3 this means BEARS are already in and their target is DM1. DM2 and DS1 are points where BULLS are likely to get back on the train with the bulls target being DM4