US Dollar Index Forecast January 28, 2013, Technical Analysis

The US Dollar Index fell during the session on Friday, but remains near the 80 handle. The 80 level has been a bit of a magnet for price lately, and as a result we simply see this is a scalper’s market. With this being said, this market looks extremely flat and very neutral. At this point in time, we have almost no interest in this market as we are bound by the resistance at 81, and the support at 79. Beyond that, we have quite a bit of noise in between.

 

US Dollar Index Forecast January 28, 2013, Technical Analysis
US Dollar Index Forecast January 28, 2013, Technical Analysis

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