The US Dollar Index initially fell during the day on Wednesday, but turned back around and form a fairly positive looking candle as we finally pierced the
The US Dollar Index initially fell during the day on Wednesday, but turned back around and form a fairly positive looking candle as we finally pierced the 100 level. Ultimately, this is a market that should continue to grind much higher as the breaking above this level is a significant sign. Ultimately, we believe the pullbacks are buying opportunities as well and have no interest whatsoever in selling the US dollar as it is the preferred currency in the Forex world right now. With this, we believe that the market will eventually reach towards the 102 level.
US Dollar Index Forecast November 26, 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.
