The US Dollar Index rose during the course of the day on Friday, breaking the top of the hammer that had formed on Thursday. With that, does appear like
The US Dollar Index rose during the course of the day on Friday, breaking the top of the hammer that had formed on Thursday. With that, does appear like this market is trying to go higher, and we do think that ultimately this market will eventually continue to go much higher, possibly breaking above the 87 level given enough time. Ultimately, we believe that pullbacks will continue to offer buying opportunities as this market is most certainly bullish, and there should be plenty of support below to reenter the market time and time again.
US Dollar Index Forecast October 13, 2014, 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.
