Trade Alert
The dollar index is now trading around its downside resistance line, taken from the peak of the 15th of August. This is where it will be interesting to see, where will the week close.
For us to start examining higher levels, we would need to see a break and a close above the downside line. This way, we could aim for the 94.75 level initially, a break of which, could set the stage for the 95.00 zone, marked by the high of the 14th of September.
Alternatively, a close below that downside resistance line, could lead towards lower levels (Please review the chart for details)
Don't forget your SL.
The dollar index is now trading around its downside resistance line, taken from the peak of the 15th of August. This is where it will be interesting to see, where will the week close.
For us to start examining higher levels, we would need to see a break and a close above the downside line. This way, we could aim for the 94.75 level initially, a break of which, could set the stage for the 95.00 zone, marked by the high of the 14th of September.
Alternatively, a close below that downside resistance line, could lead towards lower levels (Please review the chart for details)
Don't forget your SL.