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Long

Will The Dollar Index Break Resistance?

ICEUS:DX1!   US DOLLAR INDEX FUTURES
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.

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Comments

Thank you now I got the idea of the indices.

Reply
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