The US Dollar Index rose during the course of the day on Tuesday, testing the support below, and as a result it appears that the market is going to
The US Dollar Index rose during the course of the day on Tuesday, testing the support below, and as a result it appears that the market is going to continue to grind sideways and eventually break out to the upside. The 87 level above could be resistive, but we feel that it will eventually break out above that level and head towards the 90 level. That being the case, we are bullish of the US Dollar index, and as a result we have no interest whatsoever in selling this marketplace as we think it should continue to go higher over the longer term.
US Dollar Index Forecast September 15, 2014, Technical Analysis
Being FXEmpire’s analyst since the early days of the website, Chris has over 20 years of experience across various markets and assets – currencies, indices, and commodities. He is a proprietary trader as well trading institutional accounts.
