For Traders

Analytical Reviews

Technical analysis

25.02.202002:43 Forex Analysis & Reviews: USD index attempting to hit 99.00

This information is provided to retail and professional clients as part of marketing communication. It does not contain and should not be construed as containing investment advice or investment recommendation or an offer or solicitation to engage in any transaction or strategy in financial instruments. Past performance is not a guarantee or prediction of future performance. Instant Trading EU Ltd. makes no representation and assumes no liability as to the accuracy or completeness of the information provided, or any loss arising from any investment based on analysis, forecast or other information provided by an employee of the Company or otherwise. Full disclaimer is available here.

The USD Index is forming a market maker sell model after a breakout and a close below the level of 99.50. The US dollar is likely to attempt to overcome the level of 99.00. If it happens, the USD index may continue its downward movement. The bias will stay bearish as long as the US dollar does not retrace to 99.65.

(Disclaimer)

Back to the list

Open trading account

InstaForex analytical reviews will make you fully aware of market trends! Being an InstaForex client, you are provided with a large number of free services for efficient trading.