USD-INDEX Intraday Forecast Oct 01 2014

Intraday outlook in USD-INDEX  remains on the upside as long as support 85.87 holds on a 4 hour closing basis , a failure to hold below the 85.87 levels on a 4 hour basis could mean a return to the 86.32 levels where a breach will turn focus on the 86.85 levels , further upside will pave the way towards the 87.50 levels ahead of the 88.20 levels.

On the downside , support comes at the 85.87 levels , losing this level on a 4 hour closing basis will bring a corrective pullback towards the 85.20 levels before the next possible rise , below 85.20 will terminate the current bullish run and turn outlook to the downside towards  84.45 and possible lower…

In all , as long as support 85.87 holds on a 4 hour closing basis , the pair will remain biased to the upside towards the 86.32/86.85 levels and possible higher , below 85.87 , It faces a corrective pullback risk , but pullback below 85.87 should be contained well above the 85.20 levels…

 

USD-INDEX Intraday Forecast Oct 01 2014

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