The short term story continues to unfold as projected earlier. The US Dollar Index is seen to have reached its resistance zone around 95.60/80 levels at this point in writing. Please note, that this level could be the termination point of a lower degree wave ii (not plotted here), and a bearish resumption remains high probability from 95.60/80. Also note that the index is hovering around fibonacci 0.618 resistance levels of the drop between 96.16 and 94.81 levels respectively. A bearish candlestick pattern appearance now could trigger a resumption of drop towards 93.75 levels at least, as projected here. Overall, the medium term bearish scenario remains intact for the US Dollar Index.
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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.