It has been more than a month now that the USD index is not managing to break above the strong resistance at 90.40-90.50. There have been about 4 tests of this area and none of them was able to break it. We expect that this test will fail too and the price reach at least down to 89.50 area where we have some short term support structure which now may be seen as the bottom part of the channel where price action is happening.
For this week we expect strong bearish reaction at the 90.40-90.50 area as this is confirmed already as strong resistance structure and should require a lot of bulls power to break.
For this week we expect strong bearish reaction at the 90.40-90.50 area as this is confirmed already as strong resistance structure and should require a lot of bulls power to break.