The dollar index made a strong pull back last week as I mentioned every time that a bounce is coming from the lower area near 96.50. Now the price is above the 4 hour kumo and is making higher highs and higher lows. Short term trend is clearly bullish and we can see the price moving towards my mentioned target at 98.50-99 at least where the Daily cloud is located. This is not the time to be bearish on USDX as we are moving higher clearly. Sell entry can be placed on 99 where we can see the rejection.
Recommendations: Remain long with stop loss at 97 now. Target 98.50 at least
Recommendations: Remain long with stop loss at 97 now. Target 98.50 at least