Sforex
Long

USDollar: Meet resistance -US CPI in the focus

INDEX:DXY   U.S. Dollar Index
124 0 2
USDollar             after broke the trend line , now meets resistance at 97.72

Any break this resistance level will open the door for next resistance: 100


USDollar             overcame:

- SMA100
- Kumo cloud.
- Bearish trend line .

We need USDollar             breaks resistance 97.72 to reinforce the Bull market.

Tomorrow, the main focus is US CPI             : FED stress on inflation to hike rate , so the upcoming CPI             data is very important.

It's very hard to say about CPI             tomorrow : It could be positive or negative.

Negative Retail Sales on Tuesday could weight on inflaltion, but Producer Price Index send support to inflation .

However,I still believe the data will be positive. FED should hike rate in September.

Data should support for rate decision of FED.
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