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RowaynaAhmed

The Effect of the ISM Services Index on the US Dollar Index.

U.S. Dollar Index (TVC:DXY)  
RowaynaAhmed  
TVC:DXY   U.S. Dollar Index
Trend Analysis Beyond Technical Analysis Fundamental Analysis
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trendanalysis beyondta fundamental
The US dollar index has faced today a rise of 0.20% from the support line 93.831 to the resistance line 94.027, and this is due to the positive data released by the Institute for Supply Management about the ISM services index, which has been more than the expected data by two points. Therefore, the index is expected to rise to breach the first resistance line 94.027 to meet the second resistance line 94.074 and then the third resistance line 94.103. On the contrary, if the index declines, it will break the first support line 93.936 to meet the second support line 93.903 then the third support line 93.833
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