EURUSD
The Classic Dollar Index continues to display a negative outlook despite its rise. Optimism that the risk of a U.S. government shutdown will soon dissipate supports the dollar's recovery. Investors are particularly focused on the Consumer Price Index (CPI) report for September, which will be released this Friday, due to the data uncertainty created by the potential shutdown.
The Dollar Index has fallen below the upward trend it maintained since mid-September, showing a negative outlook. As long as it stays within the support range of 98.70-98.52, it retains the potential to move towards the 97.23 level. On the other hand, if it manages to maintain stability above this region and trend, the psychological level of 100 may come into play.
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