Todays review on the USD Index

H1 chart

From the daily outlook we forecast a rise up to pink RESISTANCE zone then a continuation of the decline. Price rose sharply up to RESISTANCE, found immediate resistance at the price action resistance marked in pink, creating a lower high then continued its drop. We are close to the HnS pattern target on daily chart, the TREND is still BEARISH and until we get a clear TECHNICAL indication that the TREND is reversing price is more likely to drop

One thought on “USD Index daily review(28 June 2017)”

  1. Dalmas Ngetich - FOREX.TODAY says:

    in my opinion, the USDX will continue sliding to GFC highs of 85-88. Just sell the USD and do the hard part of holding 🙂

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