Zostať 
Podmienky obchodovania
Nástroje
The US dollar index has dropped to 103.12, inching closer to the recent swing low at 103.07. The drop between 104.50 and 103.12 looks corrective. Until prices stay above 103.12, we expect the instrument to rally towards 107.00 and the 110.00-50 range going forward. The index is seen to be trading at 103.12 at this point in writing as the bulls prepare to come back in control soon.
The US dollar index has completed a three-wave drop at 103.07, which had begun from the 114.70 highs earlier. If the above larger-degree wave structure holds well, the next move could be higher from here with the index pushing above 114.70 in the next several weeks. A push through 104.50 would open the door to test 105.50 and 107.00 in the near term.
Alternatively, if the drop from 114.70 needs to unfold further lower below 103.00, prices would find resistance around 107.00 and the 110.00-50 range before the bears are back in control. Either way, prices are expected to produce a rally from current levels at least towards 107.00 and the 110.00-50 range. A break above 103.70 would be welcomed by the bulls.
Potential rally against 103.00
Good luck!
InstaForex analytical reviews will make you fully aware of market trends! Being an InstaForex client, you are provided with a large number of free services for efficient trading.
Your IP address shows that you are currently located in the USA. If you are a resident of the United States, you are prohibited from using the services of Instant Trading EU Ltd including online trading, online transfers, deposit/withdrawal of funds, etc.
If you think you are seeing this message by mistake and your location is not the US, kindly proceed to the website. Otherwise, you must leave the website in order to comply with government restrictions.
Why does your IP address show your location as the USA?
Please confirm whether you are a US resident or not by clicking the relevant button below. If you choose the wrong option, being a US resident, you will not be able to open an account with InstaForex anyway.
We are sorry for any inconvenience caused by this message.
