Sublime_Trading
Long

Will The Dollar Index Break Resistance?

ICEUSA:DX1!   U.S. Dollar Index
Last post: May 30th. See chart.

Review: Price was very much bullish but faced with the weekly 200sma acting as resistance which caused a pullback.

Update: Price is still faced with the weekly 200sma as resistance but a bullish move on Thursday could give momentum to the bulls.

Conclusion: Standing aside until the resistance zone is cleared and acts as support before looking to place long trades on USD currencies.

Any comments or questions, do not hesitate to leave them below. Give us the thumbs up if you share our sentiments!

Sublime Trading
Thank you now I got the idea of the indices.

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