USD-INDEX Daily Forecast Feb 12 2015

Stock 659898
Stock 659898

The USD-INDEX continued its bullish momentum yesterday , printed support at the 94.73 levels .This development leaves the pair targeting the 96.25 levels , a halt is likely ,  but a break would open 97.50 next , further upside will target the 99.00 levels.

On the downside , support comes at the 94.73 levels , losing this level on a daily closing basis will turn outlook neutral and bring a corrective pullback above the 93.37 levels before the next rise …

In all , as long as 94.73 support holds on a daily closing basis , outlook in U.S dollar index remains on the upside towards the 96.25 levels ahead of the 97.50 levels , below the 94.73 levels will turn outlook neutral and bring a corrective pullback above the 93.37 levels before the next rise .

 

USD-INDEX Daily Forecast Feb 12 2015

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