The US Dollar Index initially fell during the course of the session on Thursday, but turned back around to break above the 98 handle. With this being the
The US Dollar Index initially fell during the course of the session on Thursday, but turned back around to break above the 98 handle. With this being the case, the market should then reach towards the 100 level given enough time but we also recognize that there is a lot of volatility above. Even if we pullback from here, we feel there is massive amounts of support all the way down to the 96.50 handle, and as a result there is only one way to go in this market: up from here.
US Dollar Index Forecast November 6, 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.
