US Dollar Index Forecast, Technical Analysis

London (Mar 11)  The US Dollar Index had a slightly positive session on Monday, but most importantly looks as if it is trying to find some type of support in the same general vicinity as we saw on Friday. The Friday candle of course was a hammer, and we still believe that a break above the top of that hammer leaves this market looking for the 80 handle, and then possibly higher. At the end of the day though, we believe that the market will go higher, but have a tough time doing so as there is so much noise.

US Dollar Index Forecast March 11, 2014, Technical Analysis

Source:  FXempire