US Dollar Index still holding support levels

US Dollar Index still holding support levels

Rami
03 (10) 2016 - 11:13 (GMT)
0

US Dollar Index still holding trades inside tight zone with conflicts of indicators whether Fed going to Hike Rate this year or not.

Short-Run still showing support zone at (94.95-95.05) where as long as market holding above this zone the uptrend wave will sustain toward (96.50-75) .

Below (94.95) market may add more drop pressure where Index will face another support at (94.00) zone which may drive for some rebound correction.

While below (94.00) more drop movement will be expected where eyes will be shifted toward (92.50-93.00) zone.

Financial Market heading toward important figures for US employment data this Friday which may drive movement for US Dollar Index.

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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