the USD index is at a soft spot after rising through out 2018 the 97.00 level has been tough to crack through coupled with the government shut down and the dovish FED feeling in perspective a short is more likely on the index
An upper channel being formed is a clear indication the pound isnt trowing in the towel but staying strong against the dollar which has been strong of late it out performed the USD by more than 2% since the start of the year
Trading company indices is often regarded as less riskier as compared to trading each individual stock on its own as it is regarded as less risky. The concept is as it is prone too less market manipulation as compared to each individual stock on the stock exchange where their data can be manipulated. Indices gives a general summary of how major companies are doing...
The pair has been flirting with the 19.00 lows and even though it still trades below the 200 SMA a rebound could happend as it indicates on the RSI which is already curving upwards
