US DOLLAR INDEX: Prices put in a Bearish Engulfing
candlestick pattern below resistance in the 9928-38 area, hinting a move
lower is ahead. Initial rising trend line support is at 9810, with a
break below that exposing the September 14 close at 9773. Alternatively,
a push above resistance targets the top of a falling channel
established from the June 1 swing high, now at 9962.
— Written by Ilya Spivak, Currency Strategist for Dailyfx.com
0 comments:
Post a Comment