My daily technical outlook on the USD Index
The Market is flat, Price is bullish. Price is at MPP, it has been there for the whole week. Price spiked out Yesterday after FED minutes,and then returned to where it been, serving MPP as resistance.
Market is flat, price is flat. Stoch is oversold. We are yet to see any movement in the USD Index. Stoch went fro oversold to overbought in a market where price is flat. President Trumps meeting today might get price moving.
Price opened the day at DM2, with a oversold stoch. The target for price from here is DM4 Which is close to Yesterdays high. If price fullfills this movement we will get a double tops on higher timframes, and possible a drop