Long term trend: Up
Medium term trend: Up
Significant Levels: 11152 (Horizontal Support), 11288 (Horizontal Resistance)
It looks like the USD has found a Resistance at 11288. Though, there are plenty of room for this Index to go up further, USD might rest for a while now. What we prefer to see here is for the price to go back down to the Support before breaking out above the Resistance. We can see on the chart that the price struggled and couldn't break through the Resistance level. The price might form a consolidation here or as what mentioned, the price might go down a bit before continuing its trend. Use this data in trading USD currency pairs. This information is best for the pair EURUSD.
Trade well.
Medium term trend: Up
Significant Levels: 11152 (Horizontal Support), 11288 (Horizontal Resistance)
It looks like the USD has found a Resistance at 11288. Though, there are plenty of room for this Index to go up further, USD might rest for a while now. What we prefer to see here is for the price to go back down to the Support before breaking out above the Resistance. We can see on the chart that the price struggled and couldn't break through the Resistance level. The price might form a consolidation here or as what mentioned, the price might go down a bit before continuing its trend. Use this data in trading USD currency pairs. This information is best for the pair EURUSD.
Trade well.