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.
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.
