US Dollar Index
Outlook
Investors continue to appreciate the high odds that Fed rate hikes are a thing of the past after last month's quarter-point increase. But recent comments from several central bank officials tell a different story. Adding uncertainty: There are mixed expectations for the report due on Thursday (August 10) which includes US consumer inflation data for July.
The Index of Dollar trade in the bearish channel and now on the top of the channel so now it will try to drop to the bottom of channel .
the Index of Dollar waiting for important data on the tomorrow ,The data will be the main driver for Index
Currently , as long as price trade under 102.36 the chance of drop increase but to confirm that should stable under 101.67 and then will lose more points until 101.15 and 100.53
as for renewing bullish attack , consolidation above 102.36 will help the price to reach 102.71 and that is top of the channel
the expect trading range for today is between the 102.36 and 101.67
support line : 102.36 , 102.71
resistance line : 101.67 , 101.15
News will affect the market directly
Also be careful about randomly movement❗️
what is your opinion ??
If this post was useful to you , don't forget to subscribe and like , Thanks ❤️
Outlook
Investors continue to appreciate the high odds that Fed rate hikes are a thing of the past after last month's quarter-point increase. But recent comments from several central bank officials tell a different story. Adding uncertainty: There are mixed expectations for the report due on Thursday (August 10) which includes US consumer inflation data for July.
The Index of Dollar trade in the bearish channel and now on the top of the channel so now it will try to drop to the bottom of channel .
the Index of Dollar waiting for important data on the tomorrow ,The data will be the main driver for Index
Currently , as long as price trade under 102.36 the chance of drop increase but to confirm that should stable under 101.67 and then will lose more points until 101.15 and 100.53
as for renewing bullish attack , consolidation above 102.36 will help the price to reach 102.71 and that is top of the channel
the expect trading range for today is between the 102.36 and 101.67
support line : 102.36 , 102.71
resistance line : 101.67 , 101.15
News will affect the market directly
Also be careful about randomly movement❗️
what is your opinion ??
If this post was useful to you , don't forget to subscribe and like , Thanks ❤️
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US Dollar Index
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