The US Dollar Index did very little during the session on Friday; two formed the neutral candle that you see on the chart. We currently sit just above the
The US Dollar Index did very little during the session on Friday; two formed the neutral candle that you see on the chart. We currently sit just above the 80 handle, and this is an area that should offer support. However, the longer-term weekly chart looks fairly soft, and as such it appears that we may be one enough to try to break down. Nonetheless, if we managed to break above the 80.50 level and the shooting star from Wednesday, that would be a very bullish sign and have us buying.
US Dollar Index Forecast December 3, 2012, Technical Analysis
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.
