Dollar ETF bull run continues

By Julian Yosovitch

October 31, 2014 • Reprints

http://www.futuresmag.com/2014/10/31/dollar-etf-bull-run-continues#.VFPDZLKABW4.twitter

The bullish dollar ETF (UUP) has continued its uptrend since the beginning of the year, closing at $22.90 on Thursday.

Our bullish view remains as we believe that the increases should be extended to previous highs of $23.15 and significant resistance within the coming weeks.

Then, if price can rise above that hurdle, the ETF will expand the bullish movement to carry the market toward the $23.50-$23.80 zone and then $24 later, without discarding a bullish continuiation toward more ambitious forward values.

If the bears attempt a move, we will see the dollar find support at $ $22.60-$22.40 or even $22.10.