The US Dollar Index shot much higher during the course of the session on Wednesday, slamming into the 98 region. This is significant resistance, but if we
The US Dollar Index shot much higher during the course of the session on Wednesday, slamming into the 98 region. This is significant resistance, but if we can get above here for any real length of time we feel that the market then goes to the parity level. In fact, we fully anticipate seeing that, the question is whether or not we see it now or later. We look at pullbacks that show signs of support as buying opportunities just as we see the aforementioned move above 98 as a buying opportunity as well.
US Dollar Index Forecast November 5, 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.
