US Dollar close to a take profit zone

US Dollar close to a take profit zone

The US Dollar has been strong during the last few days following a rebound made in a Fibonacci’s demand area between the 50% and 65% levels at 93.12 and 92.96. According to the projection, the index scopes to test the -23.6% Fibonacci target at 93.90, but such level could give up to the bulls’ force and eventually it can duplicate a cycle towards the 100% Fibo extension at 93.97.

RSI indicator is in the positive territory, favoring to the bias mentioned above.

UsDollarH1.png

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