The US Dollar Index broke higher during the course of the session on Friday, clearing the recent highs of the 98.50 level. This is a market that should
The US Dollar Index broke higher during the course of the session on Friday, clearing the recent highs of the 98.50 level. This is a market that should continue to go higher and reach towards the 100 level, so having said that we believe that pullbacks will offer short-term buying opportunities and eventually will send this market looking above that level. Once we get above the 100 level, this market can reach towards the 102 level. We have no interest whatsoever in selling this market, it is far too strong at the moment.
US Dollar Index Forecast November 9, 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.
