INDEX:DXY U.S. Dollar Index
In my last (first) analysis of this instrument I stated: ...this short term trend might be broken to the downside once support 1 and the is broken.... Well, that is what happened on the 2nd attack on this points mentioned before. Of course, like most of the time, not before testing resistance labeled 1 before going down. So far so good, but now it needs to clear support 2 in order to reach the first target at the last low 78.60 - from there I would expect a bounce to at least 79.32 which represents the 23.6% Fibo-Retracement Linie. Let us see how it plays out. Until now, the price is right on track to reach the projected target.