The Dollar index has broken out of the bearish channel but remains inside the Kumo. Trend is neutral. Price is mainly moving sideways in the short-term. I expect price to break upwards but traders have to be patient.
The Dollar index is moving sideways just below the 93.40 short-term resistance. Bulls are trying to push price above the cloud. I believe that eventually bulls will break resistance. Support is at 93 and next at 92.60.
*The market analysis posted here is meant to increase your awareness, but not to give instructions to make a trade.
Performed by Alexandros Yfantis,
InstaForex Group © 2007-2017
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