USD buyers ready to test resistance again?

EIGHTCAP:USDX   US Dollar Index Cash
Today's focus: USD Index

Pattern – Continuation
Possible targets – 105.60
Support – 103.40
Resistance – 104.20

Today’s update is on the USD index. Do we have a new uptrend? For us, we want to see resistance beaten. If we can see a break, this could set up a new move to 105.60 and a break of that level take price out of its consolidation range and gets an uptrend going. For now, we have a short-term up trend, but buyers have more work to do to confirm it overall.

If we see a new retracement, we want to see support hold. A move back to 102.70 is a worry if you’re on the short-term bull side. With momentum back in the buyer’s court, will we see a break of resistance?

Thanks for stopping by. Good trading, and have a great day.


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