The US Dollar Index fell during the course of the session on Monday, but still remains within the consolidation area that we have been in for some time
The US Dollar Index fell during the course of the session on Monday, but still remains within the consolidation area that we have been in for some time now. That being the case, we believe that the buyers will sooner or later step into this marketplace, as we continue to show bullishness overall. We believe that this market should go to the 90 handle next, but it might be a bit of a choppy affair in the short-term. Longer-term investors are more than likely already involved as the uptrend has been so strong for several months.
US Dollar Index Forecast October 28, 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.
