The US Dollar Index tried to rally during the course of the day on Wednesday, but essentially went nowhere as we continue to hang about just below the 86
The US Dollar Index tried to rally during the course of the day on Wednesday, but essentially went nowhere as we continue to hang about just below the 86 handle. With that, the market looks as if it’s ready to pull back from here, but we see plenty of support below. With that, we are waiting to see support at a level such as the 85 level, or the 84.50 level. On the other hand, we break the top of the range from the past two sessions, we believe that is a buying opportunity as well.
US Dollar Index Forecast October 2, 2014, Technical Analysis
Chris is a proprietary trader with more than 20 years of experience across various markets, including currencies, indices and commodities. As a senior analyst at FXEmpire since the website’s early days, he offers readers advanced market perspectives to navigate today’s financial landscape with confidence.
