US Dollar Index Forecast October 14, 2014, Technical Analysis

The US Dollar Index fell slightly during the session on Monday, but remains in consolidation and in the area where we have seen buyers. We believe that the 85 level will continue to be supportive, and as a result we don’t really have any interest in selling this market at the moment. We believe that the market will continue to attract buyers over the longer term anyway, so we are simply looking for supportive candles at lower levels in order to take advantage of value in the US dollar as it is the favored currency of traders around the world right now.