The US Dollar Index broke higher during the day on Friday, using the 82.50 level as support. With that, we feel that the market should continue to go
The US Dollar Index broke higher during the day on Friday, using the 82.50 level as support. With that, we feel that the market should continue to go higher, and will look at pullbacks as buying opportunities as well. We look at supportive candles on pullbacks as a great opportunity to go long. We also see the 81.50 level below as support, so therefore we are interested in buying down there. If we go higher, and break above the highs from the session on Friday, we also buy in that general area.
US Dollar Index Forecast September 1, 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.
