Dollar Index holding uptrend ahead of Fed & FOMC

Dollar Index holding uptrend ahead of Fed & FOMC

Rami
21 (09) 2016 - 13:24 (GMT)
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In the last few weeks we placed outlook for another advance for US Dollar as market managed to hold support zone (94.40-70) while market managed today to head closely to our previous targets (see here).

What is special about today is that markets awaiting several important issues which may affect Dollar-Index movement which may hit market with high liquidity between up and down movements.

Technical analysis show Intraday support levels at (95.50) which if hold the market the uptrend will sustain while resistance level laying at (96.50) where above this zone more advance will be available toward (97.40-60).

Below (95.50) market will face again uptrend support line around (94.80-90) which may also give opportunity for some rebound correction< while below (94.80) market will face more drop with another support zone at (94.00-20) which in turn may call for a rebound correction.

  

USD INDEX

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Rami

Rami

Hi all, my name is Rami, with more than 16 years experience in Forex Market, switching from Brokerage field to Fund Management and Risk Management specialty.I had an idea to establish a Home Page to present my thoughts on Forex Market from three different angle or prospective, Mid-Run, Short-Run & Intraday movements .

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