The US Dollar Index has rallied past 96.70 levels, above our expectations and has print highs at 96.93 levels for now. Please note that the US Dollar Index has carved a potential lower high below 97.20 levels and could possibly reverse from here. We shall remain open to any alternate scenarios according to price action but the index maintains its bearish structure until prices remain below 97.20 levels, going forward. It still remains a safe trading strategy to hold potential short positions with risk above 97.20 levels and potential target at 94.70 and lower, respectively.
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.
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.