The US Dollar Index rose during the session on Friday, showing that we still have a lot of momentum underneath, and this should continue to pushes market
The US Dollar Index rose during the session on Friday, showing that we still have a lot of momentum underneath, and this should continue to pushes market much higher. With this, if we can break above the top of the consolidation area, which we see as 100, we feel that the market continues to grind its way higher on a longer-term move higher. We have no interest in selling, and look at the 98 handle at the moment as the “floor.” With this, it’s only a matter of time before we break out to the upside in our opinion.
US Dollar Index Forecast November 23, 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.
