US Dollar Index resumes its rally towards 94.50 and 98.00 levels
US Dollar Index seems to have resumed its rally towards 94.50 levels in the near term. The index had dropped to 91.75 levels yesterday before pulling back and is trading close to 92.58 for now. The impulse drop from 103.00 looks complete now as bulls prepare to produce a corrective rally at least. If the above counts hold, US Dollar Index should stay above 91.75 mark and push higher towards 94.50 (immediate resistance) and 98.00 levels, which is the previous Wave 4 termination. Good to buy on dips from here.
Remain long, stop @ 91.40, target is open.
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 long, stop @ 91.40, target is open.
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.
إخلاء المسؤولية
لا يُقصد بالمعلومات والمنشورات أن تكون، أو تشكل، أي نصيحة مالية أو استثمارية أو تجارية أو أنواع أخرى من النصائح أو التوصيات المقدمة أو المعتمدة من TradingView. اقرأ المزيد في شروط الاستخدام.