Analyzing Two Expected Trends for the US Dollar Currency Index.

The US dollar index has faced a rise of 0.2% between the support line 95.074 and the resistance line 95.266, and this is due to the positive data released by The Bureau of Labor Statistics about job openings and labor turnover, which has been more than the expected data by 0.42k points. Therefore, the index is expected to rise to breach the first resistance line 95.177 to meet the second resistance line 95.226 and then the third resistance line 95.266, on the contrary, if the index declines, as a result of the negative data released by The University of Michigan about the Michigan Consumer Sentiment Index, which has been less than the expected data by 5.7 points, the index will break the first support line 95.091 to meet the second support line 95.074 then the third support line 94.972