US Dollar Index
OUTLOOK
The dollar index rose during the past week after the issuance of important data motivating the Federal Reserve to continue its tightening monetary policy, after it was remarkably stable the Dollar index rose 0.13% to 102,500 points.
The index of Dollar trade at the main bearish channel and the secondary bullish channel
as long as price trade above 102.36 the index of Dollar will try to test the important resistance 102.71 and which is consider that it is the top of the bullish channel and bearish channel so the line of 102.71 and 103.19 can be tested and then drop and visit to the previous broken level
as for the secondary channel also trading at the near of the top of the channel so we have to wait until reach to the top of the secondary bearish channel and then we will sell
support line : 102.71 , 103.19
resistance line : 102.36 , 101.15
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OUTLOOK
The dollar index rose during the past week after the issuance of important data motivating the Federal Reserve to continue its tightening monetary policy, after it was remarkably stable the Dollar index rose 0.13% to 102,500 points.
The index of Dollar trade at the main bearish channel and the secondary bullish channel
as long as price trade above 102.36 the index of Dollar will try to test the important resistance 102.71 and which is consider that it is the top of the bullish channel and bearish channel so the line of 102.71 and 103.19 can be tested and then drop and visit to the previous broken level
as for the secondary channel also trading at the near of the top of the channel so we have to wait until reach to the top of the secondary bearish channel and then we will sell
support line : 102.71 , 103.19
resistance line : 102.36 , 101.15
If this post was useful to you , don't forget to subscribe and like , Thanks ❤️
