US Dollar Index - Technical Analysis: Wednesday, 20/12/2017 07:15 GMT

This report is sponsored by: equiti.com

The US dollar index failure to consolidate above 38.2% Fibonacci correction level pushed the index to break important support line and activate the effect of a negative pattern, to fall under expected negative pressure for the coming period, and our next target is located at 61.36.

The negative pressure formed by the exponential moving average 100 supports the decline, while surpassing 94.30 will stop the bearish trend and push the index to achieve gains on the short term basis.