The US Dollar Index rose slightly during the course the day on Thursday, but you have to keep in mind that the Americans were away at the Thanksgiving
The US Dollar Index rose slightly during the course the day on Thursday, but you have to keep in mind that the Americans were away at the Thanksgiving holiday, so having said that it’s a bit difficult to get too excited about the move. Ultimately though, we recognize that the US can dollar Index is trying to build up enough momentum to break out to the upside and clear the 100 handle for the longer-term move. Pullbacks should continue to be buying opportunities, and therefore this is essentially a “buy only” market.
US Dollar Index Forecast November 27, 2015, Technical Analysis
Chris is a proprietary trader with more than 20 years of experience across various markets, including currencies, indices and commodities. As a senior analyst at FXEmpire since the website’s early days, he offers readers advanced market perspectives to navigate today’s financial landscape with confidence.
