The dollar index of bursting expectations for the break-down range rebounded impressively and again reached the upper limit in the area at 98.19. Everyone wants a weak dollar and pursues to short it, but contrary to expectations, King Dollar remains on the Iron Throne. Now the price is again at levels that are beginning to excite investors.
This is a key point. "Green money" has the potential to break up with a possible strong impulse coming out of the range. This will happen if sentiment and conditions continue as they are now - in support of the dollar.
The range itself is quite large, as a breakthrough in either direction will be pronounced. Alternatively, the price will not succeed with a breakthrough and will return again within the short-term movement in the short term.
Graphs: Thomson Reuters
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