Dollar index takes a crack above key level for the first time since May 2017
Dollar index breaks above the 200-day MA for the first time since 15 May last year
As Giles points out
here, the index breaks the 92.00 figure level but more importantly it looks like it is making a run to break above the 200-day MA (blue line).
here, the index breaks the 92.00 figure level but more importantly it looks like it is making a run to break above the 200-day MA (blue line).
Dollar bulls will take further comfort from the fact that the last time the index traded above the 100-day and 200-day MAs, it was back in March 2017 when the euphoria of Trump’s appointment as POTUS was still lingering. So, the momentum may just be starting to build.
A break of the 200-day MA will give added incentive for the dollar train to march on to key levels as pointed out
here earlier.
here earlier.
All aboard, now.
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