US dollar index at the important level!

mario urlic usd index 04.02.

US dollar index have reached 96.30/50, in my point of view very important technical level. Possible break of this support will lead to more loss in the coming period and it will be hard to cover the loss after. For now, the US dollar sellers are serious all over the market, but be aware of this level if you are on the sellers side as well. Daily MA100 was broken yesterday and MA200 has stoped the fall, but as you can see (yellow line), it’s broken today.  The US dollar suffers extensive damage in the past two days, which is not strange after unreal strenght during the past 18 months. I wouldn’t stay on the US dollar side.

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