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US Dollar Index forecast for the week of February 15, 2016, Technical Analysis

By:
Christopher Lewis

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

US Dollar Index forecast for the week of February 15, 2016, Technical Analysis

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.

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About the Author

Being FXEmpire’s analyst since the early days of the website, Chris has over 20 years of experience across various markets and assets – currencies, indices, and commodities. He is a proprietary trader as well trading institutional accounts.

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