USD-INDEX Daily Forecast Jun 09 2014

The USD-INDEX maintained a bearish momentum few days ago , printed resistance at the 81.04  levels .This development leaves the index targeting the 80.13 levels where a breach will turn focus on the 79.88 levels , further downside will aim the 79.60  levels ahead  of the 79.40 levels….

On the upside , resistance comes at the 80.67  levels ahead of 80.04  (main), break of 80.04 levels on a daily basis would recapture the 81.33  levels , If this resistance is taken out , expect the pair to strengthen further towards the 81.50  levels, further upside will aim  the 82.00 levels…

In all , as long as resistance 81.04 holds on a daily closing basis , outlook in USD-INDEX remains on the downside towards the 79.188/7960 levels, break of 81.04 will reverse risks towards the 81.33/81.50  levels…

 

USD-INDEX Daily Forecast Jun 09 2014

MARKET DATA

UPCOMING ECONOMIC EVENTS

2 COMMENTS

  1. I’m so happy to read this. This is the kind of manual that needs to be given and not the accidental misinformation that’s at the other blogs. Appreciate your sharing this best doc.

Comments are closed.