The US Dollar Index went back and forth during the course of the week, forming a bit of a neutral candle. With this being the case, the market looks as if
The US Dollar Index went back and forth during the course of the week, forming a bit of a neutral candle. With this being the case, the market looks as if it is ready to go higher, but we need to break above the 100 level in order to serve buying. On the other hand though, we get a pullback that show some type of support near the 98 level, we could consider buying there as well as the US dollar without a doubt looks to be one of the strongest currencies in the world.
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.
