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From the monthly line chart, the US dollar index is supported by both the 100 day average and the 200 day average. It recorded three trading day continue to rise in last week. Now it has breakout the 100 level, which is not only an important integer level, but also the 38.2% retreat of the highest point 103. Therefore, the breakout of this100 level point is of great significance.

What’s future market trend?

Fundamentals analysis:

U. S. stocks have soared for a decade in a row. At present, they are facing downward pressure from both technology and fundamentals. As a safe haven asset, the U.S. dollar has been sought after by investors in the short term. But the dollar itself is under enormous pressure. The US economic data is poor, and the impact of the epidemic on the US is far from over. This limits the upside for the dollar.

Technical analysis:

In H4 chart,

 Resistance: 102

 Support: 100

In H1 chart,

 Resistance: 101

 Support: 100

Day Trading Suggestion:

Trading strategy in shock range

Take short positions at current price 100.80

Target: 100

make long positions backhand at 100

target :101