The US Dollar Index fell during the course of the session on Tuesday, but remains within the consolidation area that we have been stuck in for some time
The US Dollar Index fell during the course of the session on Tuesday, but remains within the consolidation area that we have been stuck in for some time now. Looks as if we are still essentially forming a bullish flag, and that means that we should continue to go much higher. We believe that ultimately this market will go to at least 90, so that being the case we are buyers on supportive candles, and of course impulsive positive candles. We have no interest in selling this market as we see far too much in the way of support.
US Dollar Index Forecast October 29, 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.
