The US Dollar Index went back and forth during the day on Wednesday, forming a bit of a neutral candle. In fact, you could say that this candle looks more
The US Dollar Index went back and forth during the day on Wednesday, forming a bit of a neutral candle. In fact, you could say that this candle looks more like a hammer, and with that it makes sense we continue to go higher. We are in an uptrend after all, and it appears that the 99 level is offering a bit of support. We believe that there is a massive floor in this market closer to the 98 level, so at this point we have no interest in selling this contract.
US Dollar Index Forecast November 12, 2015, Technical Analysis
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.
