The US Dollar Index fell significantly during the session on Friday, testing the 95 handle. However, this is an area that should attract a lot of
The US Dollar Index fell significantly during the session on Friday, testing the 95 handle. However, this is an area that should attract a lot of attention so we will have to wait to see whether or not we get a supportive candle that we can serve buying. We think that there is a significant amount of support all the way down to the 94 handle, so this point in time we do not want to start selling. The longer-term charts suggests that we need to move below the 94 level in order to start selling.
US Dollar Forecast August 24, 2015, Technical Analysis
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.
