Site icon Petros Steriotis

Dollar index with a huge step forward (Aug. 25, 2022)


The USD is at 20-year highs after breaking above the 104 barrier which was a show-stopper twice in the last years. The trend is bullish and only a fall back below 104 would threaten the long-term dollar bull. As the next visible resistance dates to the dot-com bubble times, the appetite of longs can remain provided the market respects the 104 support.

Disclaimer> This post is informational only. It is not trading or investment advice! Financial markets are inherently risky. Manage your position size carefully and honor your risk decisions which you and only you are responsible for!

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