The US Dollar Index rose during the course of the session on Thursday, testing the 86.50 level. With that being the case, the market looks as if it ran
The US Dollar Index rose during the course of the session on Thursday, testing the 86.50 level. With that being the case, the market looks as if it ran into a significant amount of resistance in order to form a shooting star. If you see this market break down a little bit from here, we could very easily see the market pullback from here, but we think that there is plenty of support below so we have no interest whatsoever in selling. We are looking for buying opportunities, and as a result continue to be very bullish of this market.
US Dollar Index Forecast October 31, 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.
