The Futures of USD Indexfinished the week on a red as the accompanying volume increased.
The growth of US dollar 3 weeks ago was with wide spread and low volume, showing no demand in place. Additionally, the price rejected to break the resistance level from March.
This is a sign of weakness as a new sell-off is comming in next weeks.
The most recent and strong support level is at 90 points. There is a trend line, which first point is in 2011, the second in 2014 and the third is going to be in 2020.
The growth of US dollar 3 weeks ago was with wide spread and low volume, showing no demand in place. Additionally, the price rejected to break the resistance level from March.
This is a sign of weakness as a new sell-off is comming in next weeks.
The most recent and strong support level is at 90 points. There is a trend line, which first point is in 2011, the second in 2014 and the third is going to be in 2020.