US Dollar Index still eyeing 93.50 resistance ?
US Dollar Index had managed to push through 93.24 levels on Friday, but could not push through 93.50 initial resistance. The indice might be looking to complete its rally by breaking above 93.50 mark before producing a meaningful pullback. It will also confirm a meaningful bottom in place around 91.75 and that bulls are back in control. We would be looking for support around 92.30/50 levels for a potential corrective drop to terminate. Good to buy on dips after 93.50 breaks.
Remain long, stop @ 91.00, target is open.
Risk Disclaimer:
Trading Forex or any CFD products may not be suitable to all investors and they must evaluate their risk appetite. The above article should not be construed as a trading or investment advice as it is solely for education and information purpose only. Trading might incur a loss of capital and hence investors might be required to gain further knowledge regarding the risks involved. Leverage should be used wisely.
Remain long, stop @ 91.00, target is open.
Risk Disclaimer:
Trading Forex or any CFD products may not be suitable to all investors and they must evaluate their risk appetite. The above article should not be construed as a trading or investment advice as it is solely for education and information purpose only. Trading might incur a loss of capital and hence investors might be required to gain further knowledge regarding the risks involved. Leverage should be used wisely.
Feragatname
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