USD INDEX

USD INDEX

1. US index is a leading indicator for indicate volume and movement in usd. It's good for using in any instrument against by dollar.

2. In my observation usd index more accurate with GBPUSD and EUROUSD.

3. In this hour GBPUSD look alike more into retracement phase. But according to US Index dollar should be strengthen and good for sell.

4. 1.598 will be a resistance for GBPUSD. Hence i dont think to go long, i prefer to short this pair once price ready to turn.

5. Becareful with buying thought, because it's obviously bearish bias. If you hold and overnight you buy i remind again please take care your position.