The US Dollar Index initially fell during the course of the session on Wednesday, but found enough support at the 95 level to turn things back around and
The US Dollar Index initially fell during the course of the session on Wednesday, but found enough support at the 95 level to turn things back around and form a bit of a hammer. With that, the hammer looks as if it signals that the market is trying a higher binds we also see a significant amount of resistance at the 96 handle. With that, this is a market that looks like it’s a bit confused still, and as a result we are still standing on the sidelines waiting to get some type of clear signal in order to trade.
US Dollar Index Forecast June 25, 2015, Technical Analysis
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.
