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Forex: US Dollar Index in session lows

FXstreet.com (Barcelona) - The US Dollar Index, which measures the buck against its major competitors, is retreating for the third consecutive session, extending the weekly losses from highs in the boundaries of 83.40 to today’s dips around 82.50.

In the data space, the US economy disappointed traders, expanding 2.5% during the first quarter vs. 3.0% estimated, eclipsing the advance in the Comsumer Sentiment, gauged by the Reuters/U. of Michigan index, up 76.4 in April.

At the moment, the index is down 0.36% en 82.54 and according to tradingcentral.com, the next support levels are located at 82.50, 82.35 and 82.25; resistance levels are at 82.85, 83.05 and 83.20.

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