Slobodan Drvenica
Windsor Brokers
US DOLLAR INDEX
The greenback remains under strong pressure against its major counterparts and extends steep descend into fifth straight day.
Bears broke below strong double-Fibonacci support at $93.50 zone, reinforced by 100SMA today, signaling further extension of the bear-leg from $95.05 (07 Nov high). Close below $93.50 pivots is needed to confirm and open way for extension towards $92.96 (daily cloud top).
US CPI and retail sales data are in focus for fresh signals with weak numbers today expected to increase pressure on dollar.
Broken Kijun-sen ($93.81) is expected to ideally limit upside attempts.
Res: 93.50; 93.81; 94.20; 94.43
Sup: 93.34; 92.96; 92.53; 91.93
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