FX.co ★ hickle.manuela | Comprehensive Analysis in Trading: Mastering Methodologies

Hello traders, last Friday the price of the #USDX index reached a strong cluster of resistances around the 100.50 level. It is logical to expect a good corrective bounce from this strong cluster of resistances today. The price has already dropped below the key level of 100.00, but what is concerning is the fact that a gap was left at the market open today, which was not completely closed. Therefore, there is a possibility that the price of the index will return to the 100.50 level in the near future. In this scenario, it is better not to rush with selling the dollar against major currencies right now. If the gap can be closed quickly, then I expect a further attempt to decrease towards 99.70, where significant support is currently visible.