FXHighway

US Dollar Index testing the resistance line

Short
INDEX:DXY   US DOLLAR CURRENCY INDEX
1
US Dollar Index rallied positively yesterday to test the bearish resistance line around 79.95, stochastic enters the oversold area, to keep the overall bearish outlook valid.

Waited targets begin at 79.00 then 78.10, while risk limit will be above 80.25-80.35 for the intraday basis.

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