In my previous analysis for US dollar index, I expected some drop and retrace but price is in a strong bullish trend and didn’t fall and finally it could revisit 94.00 and even broke it to the upside.
On the other hand, there is strong resistance level around 94.650 which has been tested twice by price.
I think price might grow towards the resistance level around 94.500 - 94.650, and if it got rejected by this level:
we can expect a drop and correction around the marked support zone, first to the support level at 93.850 and in the case of a downside breakout on this level, price can come lower around 93.650 - 93.500 in the next upcoming weeks.
On the other hand, there is strong resistance level around 94.650 which has been tested twice by price.
I think price might grow towards the resistance level around 94.500 - 94.650, and if it got rejected by this level:
we can expect a drop and correction around the marked support zone, first to the support level at 93.850 and in the case of a downside breakout on this level, price can come lower around 93.650 - 93.500 in the next upcoming weeks.
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