US Dollar Index Forecast November 20, 2015, Technical Analysis

The US Dollar Index fell significantly during the course of the day on Thursday, breaking below the 99 handle. Ultimately, this is a market that is in a very strong uptrend, and we see quite a bit of support at the 98.50 level. Even though we are closing down towards the bottom of the range for the session, it’s very likely that the buyers will enter this market fairly soon. We are simply waiting for some type of supportive candle in order to start buying, and then should start reaching towards the 100 level. We are buyers on signs of support, and have no interest in selling.