USD-INDEX Daily Forecast Feb 20 2015

Stock 659898
Stock 659898

Outlook in USD-INDEX remains neutral at the moment , support comes at the 94.06 levels while resistance comes at the 95.20 levels .

On the upside , a failure to hold below the 94.06 levels on a daily closing basis could mean a return to the 95.20 levels , a halt is likely , but a break will restore the upside offensive and target the 96.20 levels , further upside will target the 97.50 levels..

On the downside , sustained breakout – daily closing – below the 94.06 levels will extend the pullback towards the 93.37  levels before the next possible rise. If 93.37 fails to hold , further down is likely towards the 91.50 levels…

In all , as long as 94.06 support holds on a daily closing basis , short term outlook in USD-INDEX remains on the upside towards the 95.20 levels and possible higher towards  the 96.20 levels , below 94.06  will extend the pullback towards the 93.037 levels  before the next possible rise..

 

USD-INDEX Daily Forecast Feb 20 2015

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