ForexBriefcase

US Dollar Index Macro View 3/11

Long
FX:USDOLLAR   Dow Jones FXCM Dollar Index
The US Dollar Index unable to reach its mark at 12330 levels before strong bear kicks in breaking down strongly through 12260 and found some support at 12200. The long-term still remains as unchanged constructive for bull, till price break below 12200 to 12100 levels going forward. Looking into medium-term still remains unchanged, where the US Dollar Index could continue its way towards 12330 levels progresses. The short-term still remains unchanged, that sideways might be seen for upcoming week. Overall, the medium-term bull structure prevails until prices stays below 12200 levels.

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