Dollar-Index tested second support zone

Dollar-Index tested second support zone

Rami
17 (08) 2016 - 12:54 (GMT)
0

As our previous report advised that below (94.95) more drop may affect market toward second support zone (94.10-30) ( see here )

As we see over the chart Dollar-Index managed yesterday to head lower while support zone (94.10-30) still holding market, where as long as market holding above this zone another rebound correction will be expected toward (96.45) zone before some drop correction may hit the market

While below (94.10) the Index may set new downtrend path that may target (92.50) zone ove Short-Run

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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