The US Dollar Index fell rather significantly during the session on Friday as we are starting to test the 93 handle. This is an area that has been
The US Dollar Index fell rather significantly during the session on Friday as we are starting to test the 93 handle. This is an area that has been massively supportive, and as a result if we can break down below here it will more than likely be an extraordinarily negative move if we do fall from there. Any rally at this point time should be a potential selling opportunity as an exhaustive candle above would show a continuation of the bearish pressure. At this point in time, we see the 94 level as resistance.
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.
