The US Dollar Index fell during the course of the day on Thursday, falling from the 86 handle. However, the market most certainly has quite a bit of
The US Dollar Index fell during the course of the day on Thursday, falling from the 86 handle. However, the market most certainly has quite a bit of bullish pressure underneath, therefore making it impossible to sell. We are looking for supportive candles in order to start going long, but don’t have them quite yet. The 85 handle below should be significantly supportive, just as the 84.50 level should be. Ultimately, we have no interest in selling this market and do believe that we will continue to go higher given enough time.
US Dollar Index Forecast October 3, 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.
