USD-INDEX Daily Forecast Dec 15 2014

Stock 659898
Stock 659898

Outlook in USDINDEX remains neutral with risk to the downside , as long as 88.71 resistance holds on a 4 hour closing basis , support comes at the 88.17 levels , a clear break would open 87.80 next , further down will pave the way towards the 87.30 /86.80 levels.

On the upside , resistance comes at the 88.71 levels, stability below this level will keep the pair under pressure , however , sustained trading above the 88.71 levels will recapture the 89.25/89.54 levels.a halt could be seen , but a break would open 90.00 next , further gains will target the 90.50/91.00 levels.

In all , as long as 88.71 resistance holds on a 4 hour closing basis , the USDINDEX remains under pressure with risk to the downside towards the 88.17/87.80 levels , a clear break above 88.71 will restore the upside momentum and open 89.54/90.00 levels..

 

USD-INDEX Daily Forecast Dec 15 2014

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