USD-INDEX Weekly Forecast Dec 22 2014

Stock 659898
Stock 659898

The USD-INDEX continued its bullish momentum last week , bottomed at the 87.84 levels and topped at the 89.86 levels. This development leaves the pair targeting the 91.30 levels , a halt is likely , but a break would open 93.15 next , further upside will aim the 95.20 levels.

On the downside , support comes at the 87.84 levels (main) , losing this level on a weekly closing basis will reverse risk to the downside towards the 86.03 levels before the next rise …

In all , as long as 87.84 support holds on a weekly closing basis , outlook in USD-INDEX remains on the upside towards the 91.30 levels ahead of the 93.15 levels , below 87.84 will bring a corrective pullback above the 86.03 levels before the next rise …

 

USD-INDEX Weekly Forecast Dec 22 2014

MARKET DATA

UPCOMING ECONOMIC EVENTS