US Dollar Index forecast for the week of December 29, 2014, Technical Analysis

The US Dollar Index rose during the course of the week, breaking above the 90 handle. It appears as if the US dollar is going to continue to go higher over the longer term anyway, so we feel that pullbacks will continue to offer buying opportunities. With that being the case, the market looks as if it is well supported at the 88 handle, and as a result buyers should continue to enter this market and push it much higher over the longer term. Pullback should be thought of as “value.”