Todays review on the USD Index
Price rallied from WM2 to WPP, the 21EMA played as dynamic resistance as price reached WPP. Trend is still down. Price found resistance at WPP, BEARS who sold at WPP are targeting WM1-WS2. Bulls are targeting WM4. Im personally looking at this week as a week that may produce a lot of volatility. At this stage without a clear direction in price I cannot say which direction is next however Im forecasting a rally as I think the EUR strength has come to the end.