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
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.
