The Dollar index suffers the negative pressure – Technical Analysis – 05-10-2015

The US Dollar index is facing negative pressures that forced it to decline in the last two sessions, the first pressure is coming from the domination of the main bearish trend on the short term basis along with the trend line that appears on chart, and its resistance line that touches the SMA50 double the negative pressures, while we notice a negative divergence on stochastic.

Therefore, we expect more decline to the Index in the upcoming period, targeting 94.20 key support.