The US Dollar Index went back and forth during the course of the session on Monday, and as a result we believe that this market will continue to be
The US Dollar Index went back and forth during the course of the session on Monday, and as a result we believe that this market will continue to be choppy, but we do believe that there’s plenty of bullish pressure underneath. With this, we believe that a break of the top of the range from the Friday hammer is reason enough to start going long. Ultimately though, unless you can deal with quite a bit of volatility, you may be better off trading the US dollar against specific currencies in the spot Forex market.
US Dollar Index Forecast August 4, 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.
