US Dollar Index is bullish only above 96.75
US Dollar Index surprisingly holds above 95.70 lows, which normally moves in tandem with the EURUSD. We would favor bulls to take control back until 95.70 holds but further confidence would be instilled on a break above 96.75 resistance. The wave structure remains the same for now as the indice holds above 95.70 interim support. A break lower would confirm that the US Dollar Index is also working to sub-divide into 5 waves, an impulse from 103.00 highs. Until further price action, we maintain bullish stance in the index.
Remain ling, stop @ 95.50 target @ 100.56
Risk Disclaimer:
Trading Forex or any CFD products may not be suitable to all investors and they must evaluate their risk appetite. The above article should not be construed as a trading or investment advice as it is solely for education and information purpose only. Trading might incur a loss of capital and hence investors might be required to gain further knowledge regarding the risks involved. Leverage should be used wisely.
Remain ling, stop @ 95.50 target @ 100.56
Risk Disclaimer:
Trading Forex or any CFD products may not be suitable to all investors and they must evaluate their risk appetite. The above article should not be construed as a trading or investment advice as it is solely for education and information purpose only. Trading might incur a loss of capital and hence investors might be required to gain further knowledge regarding the risks involved. Leverage should be used wisely.