Todays outlook on the USD Index

Daily chart

Trend is RANGE BOUND. We are currently at the bottom of the RANGE. Stoch is oversold turning to the upside this suggests that we may see some buyers in the MARKET.

H4 chart

MARKET is flat. Price has been moving between very close SnR levels, this shows that both BULLS and BEARS are not very much involved. The economic calendar shows us news that could cause high volatility for the USD, this might be where price is likely to break out either side.

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