Todays outlook on the USD Index
The Trend is BEARISH.Price over the last few days has engaged in a mini trading RANGE, bouncing from top to bottom of the RANGE thorough out the trading sessions with high volumes. Yesterday trading volume decreased after we reached RESISTANCE. With the bears not coming in to the picture I think the next attempt by BULLS will take price above RESISTANCE and possibly touch the second resistance zone. If price however breaks below support we will see the BEARISH trend continue.