The US Dollar Index fell slightly during the session on Wednesday, but as you can see remains within the consolidation area that we have been in for some
The US Dollar Index fell slightly during the session on Wednesday, but as you can see remains within the consolidation area that we have been in for some time. On top of that, we think that there is a massive amount of support below, and as a result we are looking for supportive candles in order to start buying again. On top of that, there is the possibility that we are forming a bullish flag, which should send this market much higher given enough time. In fact, we believe that the 90 level should more than likely be the target of the buyers given enough time.
US Dollar Index Forecast October 30, 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.
