The US Dollar Index bulls threatened to push above 96.16 levels Friday, but failed and reversed from 96.09/10 levels dropping towards 95.60 levels around close. With US Dollar Index trading at 95.67 levels at this point in writing, we expect another push towards 95.50 levels, which would take out initial support on the hourly chart. Please note that the US Dollar Index is still holding the projected medium term wave structure, which is looking bearish towards 93.80 levels at least. Bears are expected to remain in control, till prices stay below 96.16 levels, going forward.
Disclaimer:
This written/visual material is comprised of personal opinions and ideas. The content should not be construed as containing any type of investment advice and/or a solicitation for any transactions. It does not imply an obligation to purchase investment services, nor does it guarantee or predict future performance. FXTM, its affiliates, agents, directors, officers or employees do not guarantee the accuracy, validity, timeliness or completeness of any information or data made available and assume no liability for any loss arising from any investment based on the same.
Disclaimer:
This written/visual material is comprised of personal opinions and ideas. The content should not be construed as containing any type of investment advice and/or a solicitation for any transactions. It does not imply an obligation to purchase investment services, nor does it guarantee or predict future performance. FXTM, its affiliates, agents, directors, officers or employees do not guarantee the accuracy, validity, timeliness or completeness of any information or data made available and assume no liability for any loss arising from any investment based on the same.