The US Dollar Index went back and forth during the course of the session on Thursday, using the 98.50 level as support, and the 99.50 region as
The US Dollar Index went back and forth during the course of the session on Thursday, using the 98.50 level as support, and the 99.50 region as resistance. Ultimately, the market looks as if it will go higher given enough time, so we are buying pullbacks as it gives us an opportunity to take advantage of value. With this, we believe that the market is reaching towards the 100 level, and perhaps beyond that given enough time. We have no interest in selling whatsoever as the US dollar continues to be one of the strongest currencies in the world.
US Dollar Index Forecast November 13, 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.
