The US Dollar Index went back and forth during the course of the day on Monday, as we continue to see quite a bit of support at the 96.50 level. That
The US Dollar Index went back and forth during the course of the day on Monday, as we continue to see quite a bit of support at the 96.50 level. That being the case, if we can break above the 97 level, we believe at that point in time the market will certainly go to the 98 level. We notice in selling, at least not until we break down well below the bottom of the support at the 96.50 level. Because of this, we are buyers only at this point in time will continue to watch this market.
US Dollar Index Forecast November 3, 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.
