The US Dollar Index fell rather significantly during the session on Friday as we are starting to test the 93 handle. This is an area that has been
The US Dollar Index fell rather significantly during the session on Friday as we are starting to test the 93 handle. This is an area that has been massively supportive, and as a result if we can break down below here it will more than likely be an extraordinarily negative move if we do fall from there. Any rally at this point time should be a potential selling opportunity as an exhaustive candle above would show a continuation of the bearish pressure. At this point in time, we see the 94 level as resistance.
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.
