DXY US Dollar Index Price, Analysis, and Trend Today?
On
the daily chart, the US Dollar Index is current at 108.6256. The price just hit
the first resistance. Although a strong bullish momentum was eminent a few
hours ago, a slow movement is currently in place. Having accomplished the 78.6%
Fibonacci, there is a high chance that a downward movement is expected to the
first support area around 107.45. If the
1st support is breached, the second support will be positioned
around 106.38. It implies that a bearish movement is expected in the next few
hours on US Dollar Index.
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