Trading Plan for US Dollar Index for July 30, 2018 888011000 110888 Technical outlook: The US Dollar Index has actually dropped to a prospective assistance level now, around 94.40/ 50 levels. Please keep in mind that the restorative drop has reached the 50 %retracement of the previous rally from 94.10 through 94.90 levels respectively. Also taking a look at the overall wave structure, the US Dollar Index seems carving out its last wave( 5) on a larger amount of time, as a prospective ending diagonal (not shown here). If the above wave count holds to be true, the United States Dollar Index ought to be seeking to rally from here and reach above 96.00 levels before turning lower dramatically. Please keep in mindthat the last leg rally would be a thrust rally and pushrates extremely rapidly to brand-new highs.Trading strategy: Stay long with a tight stop listed below 94.00 and targeting 96.10 Basic outlook:There are no major occasions left for the rest of the day.Good luck!The material has been offered by InstaForex

By | July 30, 2018

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