The USD Index is currently testing the key double top neckline and 38.2 fib. We expected
the price to test reject this zone from a technical point of view and if the daily chart
closes below this level we could see a continued sell-off. However, the FOMC is set to
announce rates and all eyes will be on the Fed's next steps. If they are dovish and mention
more than one rate cut through 2019 then we could expect a large sell-off.
the price to test reject this zone from a technical point of view and if the daily chart
closes below this level we could see a continued sell-off. However, the FOMC is set to
announce rates and all eyes will be on the Fed's next steps. If they are dovish and mention
more than one rate cut through 2019 then we could expect a large sell-off.