Currency Trading Price Targets For the US Dollar and Euro

Guy Cerundolo

Over the past several weeks, I have posted a few charts and analysis showing why the US Dollar Index (DXY) is headed higher.

You can read out last article on the US Dollar here.

The US Dollar Index achieved our initial target of 98 last week and now appears ready for its next leg higher to our MFU-3 target of 99.47.

We will highlight the MFU-4 target once the next target is hit.

We feel confident of the higher price objective.

Comments on both charts below.

US Dollar Chart

us dollar index rally higher price targets forecast 100 april 29

Euro Chart

The Euro has also achieved our initial target of 1.117 last week.  There is potential to our MFU-4 target of 1.089.

euro decline targets forecast 108_april 29 news

The author has positions in mentioned securities at the time of publication. Any opinions expressed herein are solely those of the author, and do not in any way represent the views or opinions of any other person or entity.

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