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| USDX four-hour chart, source:FXStreet.com |
cf. < [USDX] Keeping Long 2019 0210
cf. < [USDX] Turning to Dove 2019 0107
The benchmark index of greenback, Dollar Index(USDX) rose without break since last day of January. The index broke through 20 moving average line then rose along upper band of Bollinger Band in four-hour chart. It didn't move up and down in Bollinger Band and the unordinary movements show the strong rise.
But the economy outlook in the year doesn't support greenback. And we know empirically that currency price doesn't move only one direction, it moves up and down though in the trend.
USDX may face the correction and step down. It's possible to guess USDX falls till 96.10. Euro zone and England economies are in the uncertainty and the fall of dollar index will be restrained.
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