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US Dollar Index

US Dollar Index

Thomas Long, Course Instructor

The daily chart continues to show a strong uptrend with this current pullback finding support and starting to reverse back to the upside. Confirmation of this reversal would be a move up through yesterday's high in the 86.50 area. But until that happens, we should not expect to see any decent moves by any of the USD based pairs in the direction of the trend. This would include any further move down by the EUR/USD.

usdinx 624

 

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