US Dollar Index Eases into 99.80s; Make or Break Here
Chart Prepared by Jamie Saettele, CMT
-“Weakness below 100.51 (December 2015 high) would suggest a broader reversal. The level is classified as a decision point (make or break level).” I made the case 2 weeks ago in this video that DXY had already reversed but DXY is ‘hanging around’ former resistance (2015 highs) so respect potential for another rally attempt. A decisive break would target 98.00 initially.
DailyFX provides forex news and technical analysis on the trends that influence the global currency markets.