Black Pipper

Forex Dreamers

US Dollar Index: Positive outlook above 98.08

The dollar index is in the range of 98.40 as it recovers from the Friday sell-off. Additional winnings will encounter resistance at 98.93 (August 1 high), followed by the 2019 high near the 99.40 (September 3). As long as the short-term support line, which today stands at 98.08, the outlook for the greenback remains positive.

Technical levels

S1 98.14
S2 97.95
S3 97.77

R1 98.51
R2 98.69
R3 98.88

 

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