US Dollar Index: Downtrend could extend towards 98.90 on a break below 100 – SocGen DollarIndex Banks
The Dollar remains soft as the new week begins. Economists at Société Générale expect102.40/102.80 must be overcome to affirm a larger up move
“The 50-DMA and a multi month descending trend line at 102.40/102.80 is a short-term hurdle. This must be overcome to affirm a larger up move.” If not otherwise explicitly mentioned in the body of the article, at the time of writing, the author has no position in any stock mentioned in this article and no business relationship with any company mentioned. The author has not received compensation for writing this article, other than from FXStreet.
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