US Dollar Index Forecast November 27, 2013, Technical Analysis

Get Forex buy/sell signals directly to your email and by SMS.
To learn more click here

The US Dollar Index fell during the session on Tuesday, wiping out all of the gains from the Monday session. However, the more important thing to pay attention is that we are above the 80.50 level, an area that had been resistive previously, and now looks to be supportive. With that being the case, we feel that this market will more than likely go higher, but we need to find some type of supportive candle in order to start buying. If we get it though, we fully expect to see the 81.50 level tested again as resistance.

 

US Dollar Index Forecast November 27, 2013, Technical Analysis

US Dollar Index Forecast November 27, 2013, Technical Analysis

Want to read more articles like this one?
Enter your e-mail address and read FX Empire content directly from your inbox.
 
We value your privacy. Your e-mail address will not be shared.
About: FX Empire Analyst - Christopher Lewis

Christopher is a part of the FXEmpire.com analysis team. He writes Forex and Commodities technical analyses on daily and weekly basis. Christopher writes his analyses in a professional and yet simple to understand manner. His analyses are available in both text and videos.

  View all of FX Empire Analyst - Christopher Lewis's Articles    
Share Your Thoughts: Post a Comment


Your email address will not be published.