Todays outlook on the USD Index

Daily chart

Trend is RANGE BOUND. We are currently at the bottom of the RANGE. Price opened at MM2, stoch is oversold. Target for the month is MM4.

H4 chart

Market is flat. Price opened at WPP and is now at WM3, the target for the week is WR2. 99.00 still holds as RESISTANCE. If this resistance level is broken its very likely that we will rally up to the weeks target. The high impact news releases from the US this week will influence the direction the Index goes through out the week.

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