US DOLLAR INDEX: The market remains locked in a multi-day consolidation and continues to chop between the 9,700-10,100 area. Overall, we do retain a bullish outlook given the broader recovery structure out from a major base in 2011 and therefore recommend looking to buy on dips into the 9,700 area or on a break back above 10,135. Ultimately, only a sustained break below 9,700 gives reason for rethink.
--- Written by Joel Kruger, Technical Currency Strategist
To contact Joel Kruger, email jskruger@dailyfx.com. Follow me on Twitter @JoelKruger
To be added to Joel Kruger’s distribution list, send an email with subject line “Distribution List” to jskruger@dailyfx.com
