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Bearish Outlook on the US dollar

posted by Avatar lytman02 669 days ago in USD, Technical, Fundamental made popular 669 days ago

Here’s an update of the US dollar index or the USDX which I last posted on July 15 (kindly see my last blog here). As you can see from the chart, the index has continued to weaken after it broke its long term uptrend line and the 61.8% Fibonacci retracement level that I drew. At present, the index is trading just above 82.000. A move below this cou
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