Todays outlook on the USD Index

Daily chart

Price dropped from central PIVOT down to MM1. This is the profit taking zone however the initial target is MS2. Price seems to have found support at MM1 immediate resistance is eyed at MS1 whereas price action resistance is marked in pink on the chart. A rise to MS1 will indicate a strong bear market whilst if price rises to price action resistance is might mean bears are decreasing and as a result we might double bottom.

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