USD Index Recovers After Repeated Failure at Strong Fibo Support

The dollar regains traction and bounces from five-week low on Thursday, following repeated failure at pivotal Fibo support at 101.13 (38.2% of $98.55/$102.72), with repeated close above this level, to form a bear trap and generate initial bullish signal. Near term sentiment improves after the greenback was hit by results of US midterm election, however […] The post USD Index Recovers After Repeated Failure at Strong Fibo Support appeared first on ActionForex.