US Dollar Index Analysis 30/10/14

FX:USDOLLAR   Dow Jones FXCM Dollar Index
71 0 1
Long term trend: Up
Medium term trend: Up
Significant Levels: Horizontal Resistance (11125), Horizontal Support (11010)

We could see here that the strength of US Dollar             is still intact. The price held near the 0.764 Fibonnaci Retracement level and is now above the Support line. At some point, the price would break above the Resistance. This is definite, as of now, until some surprise happened in the market and in the data from US. But we are bullish with US Dollar             in the medium term and long term. This currency is nice to be paired to weak currencies such as the Euro             and Yen.

There's not much to be said here. The US Dollar             is strong right now. Therefore, go place your Long positions pairing this with the weakest currencies.

Trade well.
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