The US Dollar Index rose during most of the week, but did turned back around on Friday to show signs of weakness have the 98 handle. If we can break above
The US Dollar Index rose during most of the week, but did turned back around on Friday to show signs of weakness have the 98 handle. If we can break above the top of the shooting star, we feel that the market will then head towards the 100 handle. If we pullback from here, we think that the first signs of support will be opportunities for buyers to continue jumping into the market. Regardless, we have no interest in selling this market at all, at least not until we get below the 94 handle, which is something we do not anticipate seeing anytime soon.
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.
