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USD INDEX looks to be forming a bullish intraday reverse reverse Head and Shoulders


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USD INDEX – Looks to be forming an intraday bullish reverse Head and Shoulders formation. Key support is 88.89 (61.8% pullback) and 89.50 (neckline break)

 

usd index 30.png

In regards to the PIA analysis, no representation or warranty is given as to the accuracy or completeness of this information. Consequently any person acting on it does so entirely at their own risk. IG accepts no responsibility for any use that may be made of these comments and for any consequences that result.

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Hi all - I just wanted to let anyone who didn't know that you can trade the USD Index on IG using the 'US Dollar Basket' search term. This instrument is an indexed measure of the strength of the USD against a basket of foreign currencies (the euro, Japanese yen, Canadian dollar, British pound, Swedish krona and Swiss franc). 

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