The US Dollar Index fell during the course of the week but did find a little bit of support below the 96 handle. With this, it looks like we are at least
The US Dollar Index fell during the course of the week but did find a little bit of support below the 96 handle. With this, it looks like we are at least slowing down at the moment as far as falling is concerned, but we still could see bearishness. If we get that bearishness, the market should then reach down to the 94 level. There is a massive amount of support there so we feel that more than likely this is a market that’s best traded off of shorter-term charts.
Chris is a proprietary trader with more than 20 years of experience across various markets, including currencies, indices and commodities. As a senior analyst at FXEmpire since the website’s early days, he offers readers advanced market perspectives to navigate today’s financial landscape with confidence.
