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US Dollar Index

3/3/2017 7:12:41 AM

US Dollar Index - Technical Analysis: Friday, 03/03/2017 12:12 GMT

The US dollar index managed to confirm surpassing 101.60 level and rallies bullishly to settle around 102.00, which indicates that the bullish trend will dominate the coming trades, organized inside the ascending channel that carries the index since touching 50% Fibonacci correction level at 99.12.

Thus, we are waiting to head towards 102.80 as a first target, followed by extending the bullish wave towards 103.80, noting that breaking 101.60 level will put the index under negative pressure to test 101.00 initially, and breaking this level will push trades to 100.22 that represents the most important support on the short term basis.



Trend Bullish