The US Dollar Index fell initially during the day on Tuesday, but found enough support near the 99.50 level to turn things back around and form a bit of a
The US Dollar Index fell initially during the day on Tuesday, but found enough support near the 99.50 level to turn things back around and form a bit of a hammer. Ultimately, this market looks as if it is trying to break out above the 100 level, and as a result we believe the pullbacks continue to offer value and that the buyers will continue to go into the market again and again. Once we break above the 100 level, the market should continue to go to the 102 level above.
US Dollar Index Forecast November 25, 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.
