Sunday, November 4, 2018

Analysis of the dollar index for November 5, 2018


All indicators indicate that the USD index may continue to rise during today's sessions. We have logical targets that the USD index can reach at 96.97
We do not prefer to buy now because we are heading towards an area that represents strong resistance to the USD indicator at 97.15, an area where the USD has always rebounded
Technically the opportunity to buy does not seem safe yet so we would prefer waiting for access to 97 levels to monitor the opportunities for selling
The sell-off will be the better option for the simple reason that we will target higher profits because the targets will be at 95.80 while the stop loss will be at 98.50

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