drilonn001

Last test of 90.50 resistance this week for DXY

TVC:DXY   U.S. Dollar Index
As we discussed on the previous analysis of the DXY chart, the 90.50 resistance is pretty strong. The USD bears on this area are very strong and we think there is a high probability that this area is tested one more time this week in order to gain more strength for the downward move which if happens may see the price reach 88.50. However a reach of this point is less likely for this week, we may reach there about the middle of next week. For this week we anticipate a move to test 90.50 resistance then a strong move down to about 89.50.

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