The US get dollar Index did almost nothing during the session on Monday as the market to wait more information to decide on what to do about the value of
The US get dollar Index did almost nothing during the session on Monday as the market to wait more information to decide on what to do about the value of the greenback. After all, it has been extraordinarily strong lately, so now that we are grinding sideways this could actually be a very healthy sign for the buyers. After all, no market can go in one direction forever, and a sideways grind is simply a pause in the action and trend that we have seen recently. On the longer-term charts, it appears that we could be heading as high as 84.
US Dollar Index Forecast August 12, 2014, 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.
