Technical outlook:
US Dollar Index end of the day chart has been presented here. The index is currently seen to be trading close to 92.80 levels at this point in writing and is expected to turn bullish from here. The indice had earlier reached up to 94.75 levels, before finding resistance and puling back. It has dropped through fibonacci 0.618 retracement of the previous rally between 91.75 and 94.75 respectively (not depicted here). Immediate support is fixed around 91.75, while resistance is seen through 94.75 levels respectively. A bullish reversal from here would resume its rally towards the next resistance is line around 96.00 levels respectively. Please note that potential remains for a push through 98.00 levels over the next few weeks, which is fibonacci 0.618 retracement of the drop between 103.00 and 91.75 respectively.
Trading plan:
Remain long, stop @ 191.75, target is 96.00 and 98.00
Good luck!
