US Dollar Index approaching resistance where we expect a drop After that, there is 2 possibility idea on this pair. To test lower at 96.90, and continue down for some day or start to climb or to test high low at 93.81 will start to climb up
In terms of TA, there is definitely resistance at around the @12275 level. Once the index hits this level, I think we may see a bear push towards the @12160 - @12200 area. However once the index hits this level, the index will then consolidate and then push and hold above the resistance line. But time will tell :)
BTW I don't trade the index, only the currency market so this is just a rough guess :)
Keep up the posts