US Dollar index - 14.02.19

The US Dollar index has been in this trading range for the last couple of months and I think that it might be the time that we gain from all of this.

My plan is to place a limit order at an important resistance level at around $9,700 which should, at the same time, also indicate an overbought by theRSI.

The idea is to go short the index with target at $9530 – which is thesupport level formed by the 200 Moving Average.

All this strategy is also being made considering the fact that the US Dollar index is somewhat negatively correlated to the price of GOLD with the latter having a very good run.

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