USD-INDEX Daily Forecast Feb 27 2015

Stock 659898
Stock 659898

The USD-INDEX continued its bullish momentum yesterday, printed support at the 94.04 levels , topped at the 95.35 levels. This development leaves the pair targeting the 96.50 levels , a halt is likely , but a break would open 97.80 next , further upside will target the 99.30 levels.

On the downside , support comes at the 94.04 levels ahead of the 93.37 levels (main) , sustained breakout – daily closing – below 93.37 will suggested short term topping and bring a corrective pullback above the 91.48 levels before the next rise…

In all , as long as 94.04/93.37 support holds on a daily closing basis , outlook in US dollar index remains on the upside towards the 96.50 levels and possible higher towards the 97.80 levels , below 93.37 faces a pullback risk above the 91.48 levels before the next rise…

USD-INDEX Daily Forecast Feb 27 2015

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