Technical & Trade View
US Dollar Index Futures
Consider 109 Target Achieved, New Pattern Emerging
Bias: Bullish Above Bearish below 111.30
Technicals
Primary resistance is 111.30
Primary pattern objective is 107.75
Acceptance below 109 next pattern confirmation
Acceptance above 111.50 opens a test of 112.20
20 Day VWAP bearish , 5 Day VWAP bearish
As some will know, I've been following the US Dollar - DXY - which is a basket of currencies.
The DXY is calculate comparing the USD against the weight of six major world currencies, which include the Euro (EUR), Japanese yen (JPY), Canadian dollar (CAD), British pound (GBP), Swedish krona (SEK), and Swiss franc (CHF). The EUR makes up almost 58 percent of the...
