Pivot point: 93.70
The expected scenario: Entering short deals at the lowest levels of 93.70, targeting the levels of 93.20.
Alternative scenario: Entering long positions at the highest levels of 93.70, targeting the levels of 94.40 .
Commentary: The dollar index is still in a general bearish trend in the medium and short term, after it broke the ascending price channel, and started forming a series of declines, in a way to target The 93.20 levels, taking into account the price's failure to breach the 50-100 moving averages, which supports the negative outlook for the index's trading on the short term.
