REDATOR Ben Graham Posted February 5 REDATOR Report Share Posted February 5 [US Dollar Index] #USDX has strengthened over the past few days and has the potential to continue that bias toward its nearest resistance level. Key Levels1. Resistance. 2 : 97.952. Resistance. 1 : 97.783. Pivot : 97.534. Support. 1 : 97.365. Support. 2 : 97.11Tactical ScenarioPositive Reaction Zone: If the price holds at 97.53, there is a chance of further upside toward 97.78.Momentum Extension Bias: If 97.78 is also successfully broken, #USDX could extend its strength toward 97.95.Invalidation Level / Bias RevisionThe upside bias weakens if #USDX falls below 97.11.Technical Summary EMA(50) : 97.51EMA(200): 97.25RSI(14) : 58.24Economic News Release Schedule:Tonight the United States will release the following economic data:US - Challenger Job Cuts y/y 19:30 WIBUS - Unemployment Claims - 20:30 WIBUS - JOLTS Job Openings - 22:00 WIBUS - Natural Gas Storage - 22:30 WIBThe material has been provided by InstaForex Company - www.instaforex.com Perfect! Thanks! Love it! Haha Confused :/ Oush! Wow! Liked! × 💬 Did you like this content? Your feedback is very important! Liked! Perfect! Thanks! Love it! Haha Confused :/ Oush! Wow! Quote Link to comment Share on other sites More sharing options...
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