Dollar index may start a downward movement

The dollar index has reached a significant resistance level and the RSI indicator suggests overbuying. There is a possibility that it may start a downward movement towards 105.5.

Comment:

And the dollar index is starting a downward trend.

Comment:

The dollar index has hit its upward trendline and if this trendline is broken, our targets are 104 and 103.

Trade closed: target reached:

The dollar index has reached our target range and its upward trend line has also been broken. Our next targets are 104.5 and 103.5.

Comment:

Hi
New idea: