Will The Dollar Index Break Resistance?

Will The Dollar Index Break Resistance?

U.S. Dollar Index ICEUSA:DX1!


Last post: May 30th. See chart.

Review: Price was very much bullish but faced with the weekly 200sma acting as resistance which caused a pullback.

Update: Price is still faced with the weekly 200sma as resistance but a bullish move on Thursday could give momentum to the bulls.

Conclusion: Standing aside until the resistance zone is cleared and acts as support before looking to place long trades on USD currencies.

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