USD-INDEX Daily Forecast Nov 05 2014

Stock-123654

Outlook in USDINDEX remains on the upside as long as support 86.50 holds on a daily closing basis , resistance comes at the 88.00  levels , a halt is likely , but a break would open 88.90 next , further upside will aim the 90.00 levels..

On the downside , support comes at the 86.50 levels , losing this level will turn outlook neutral for retesting the 86.10/85.23  levels before the next rise…

In all, as long as support 86.50 holds on a daily closing basis , outlook in USDINDEX remains on the upside towards the 88.00/88.90 levels ahead of the 90.00  levels, below the 86.50 will bring a corrective pullback towards the 86.10/85.23  levels before the next possible rise.

 

USD-INDEX Daily Forecast Nov 05 2014

 

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