Dollar Index: Near a support. Buy opportunity.

The Dollar Index has been trading inside a strong and fairly stable Channel Up pattern on the 1W chart. Its current technical action (RSI = 51.671, MACD = 0.800, Highs/Lows = 0.0000) indicates that the price is near a Higher Low and as seen on the chart (based on its extreme measurements) this should be around 95.45. We are taking this opportunity to go long, TP = 98.00.




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