US Dollar Index forecast: 2014, July 13 - 20

US Dollar Index forecast: 2014, July 13 - 20

15 July 2014, 12:45
Sergey Golubev
0
80
The US Dollar Index initially tried to fall during most of the week, but found the 80 handle to be supportive enough to turn things back around and form a hammer for the second week in a row. Because of this, we believe that the 80 level is going to continue to be supportive, but we also see a significant amount of resistance at the 81 handle. With that in mind, we don’t necessarily see long-term traded to we break to the upside and above the 81.50 handle, which would have this market looking for 84.50 or so over the longer term.





Share it with friends: