It feels like we could see a retest of the middle or the bottom of
the channel soon, before a move in the other direction with the
resistance overhead.
the channel soon, before a move in the other direction with the
resistance overhead.
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I am looking clearly looking at 102.1 - 103.78 area as support so under that forget it it can and will for sure keep going that way.
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It was sure that if the support was broken the price would fall and with that CPI reading I am not surprised it fell this low.
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The red trendline has allready been reached from what I can see in other brokers charts. This could be bullish for the US Dollar Index.
--Not financial advice.--
--Not financial advice.--