Dollar Index Outlook: Bears Crack Pivotal Support Zone

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<p>The dollar index keeps bearish stance at the beginning of the week and cracks the upper boundary of pivotal 103.11/102.84 support zone (50% retracement of 99.20/107.03 rally / Nov 21 three-month low/weekly cloud base). Last Friday’s close below 200DMA (102.38) generated initial bearish signal which looks for confirmation on firm break of 103/11/102.84 to signal [&#8230;]</p>
<p>The post <a href="https://www.actionforex.com/contributors/technical-analysis/529136-dollar-index-outlook-bears-crack-pivotal-support-zone/">Dollar Index Outlook: Bears Crack Pivotal Support Zone</a> appeared first on <a href="https://www.actionforex.com">Action Forex</a>.</p>