ForexTrade

US dollar Index

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INDEX:DXY   US DOLLAR CURRENCY INDEX
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It is not over for US dollar bulls, but today's blow is strong enough to knock them out. Inside long term consolidation negative trend line has been tested and survived. If bulls want to control the market - price must get above 98.74. The longer price stays below current trend line, the more likely journey to the south will continue. After today I am bearish on US dollar. GBP and JPY are my favorites.

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