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FX.co ★ bryana.reichert | U.S. Dollar Index (USDX) in Forex Trading

U.S. Dollar Index (USDX) in Forex Trading

#USDX H1 Right now the index quotes are, so to speak, frozen a bit between the levels and it seems to me they may turn towards the resistance at 101.11. And then, so to say, by the book. If they overcome this resistance and consolidate above the level, it will be quite possible to look in fact towards a promising continuation of the move to the north. And at the same time, as long as it hasn’t been broken, we remember that any resistance is capable of turning quotes downward. An almost identical situation is forming with support as well, I mean in terms of breaking and consolidating. For now, trading is within this, so to speak, range of support and resistance. Profits to everyone.

U.S. Dollar Index (USDX) in Forex Trading

*The market analysis posted here is meant to increase your awareness, but not to give instructions to make a trade
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