The US Dollar Index had a slightly positive week as we tested the 100 level again. This is an area that will have a lot of psychological significance
The US Dollar Index had a slightly positive week as we tested the 100 level again. This is an area that will have a lot of psychological significance though, and the fact that we struggled in this area is in a big surprise. However, if we can make a fresh, new high, we believe that this market will then reach towards the 102 level. Pullbacks should continue to be buying opportunities and we will treat them as such on signs of support or bounce seen. We have no interest in selling.
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.
