USD Index
After a 2-day reversal down from last Friday's highs and the Weekly 50% level as supported the trend, my view is for the USD index to continue higher, as long as price is above the 5-day 50% level on Wednesday NY time.
If that's the case then the Euro will continue to drop....
However, there is nothing to really verify the trend moving lower, as price remains above the 3-month 50% levels in August and currently above the 5-day 50% level.
What would need to happen is a breakout of 1.2799
3-week low is normally seen as robust support and a continuation of the trend upwards...
However, I'm not sure whether the current price action is just a 2-day counter-trend move and Wednesday drops.
Random support the 5-day 50% level @ 8994
