USD-INDEX Daily Forecast Nov 20 2014

Stock-123654

Outlook in USDINDEX remains on the upside as long as support 87.42 holds on a daily closing basis , resistance comes at the 88.34  levels ,a halt is likely , but a break would open 89.40 next , further upside will aim the 90.70/92.20 levels..

On the downside , support comes at the 87.42 levels , losing this level bring a corrective pullback towards the 86.10 levels before the next rise , however ; a clear break below the 86.10 levels will extend the pullback towards the 84.50 levels.

In all, as long as support 87.42  holds on a daily closing basis , outlook in USDINDEX remains on the upside towards the 88.34/89.40 levels ahead of the 90.70  levels, below the 87.42 will bring a corrective pullback towards the 86.10 levels before the next possible rise.

 

USD-INDEX Daily Forecast Nov 20 2014

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