The US Dollar Index rose during the course of the session on Tuesday, as the 96.50 level continues offer significant support. The market should then reach
The US Dollar Index rose during the course of the session on Tuesday, as the 96.50 level continues offer significant support. The market should then reach towards the 98 handle given enough time, and as a result we are buyers only. We have no interest in selling as there are more than enough regions below that should continue to pushes market higher. Ultimately, this market may attempt to break above the 98 handle, but that is going to take a lot of momentum in order to do it. Once we do though, the market should continue to much higher, probably reaching towards the 100 handle.
US Dollar Index Forecast November 4, 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.
