View full page at forexfactory.com

 

US Dollar Index Pulls Back Off Session Highs to Trade at 103.38

From fxdailyreport.com

The US dollar index on Friday pulled back off the session highs of about 103.82 to trade at about 103.38 following the latest round of data. The DXY appears to be about to complete an XABCD double-top reversal pattern formation in the 60-min chart. Bitcoin has now plummeted to trade a few levels below the 100-hour moving average line. As a result, the USDX appears to be on the verge of entering the oversold levels of the 14-hour RSI. The US Dollar Index Fundamentals Overview From a fundamental perspective, the US dollar index is trading at the back of a relatively busy period in the US market. On Friday, the ... (full story)

Story Stats

  • Posted:
  • Category: Technical Analysis