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US Dollar Index Eases into 99.80s; Make or Break Here

US Dollar Index Eases into 99.80s; Make or Break Here

Jamie Saettele, CMT, Sr. Technical Strategist

Daily

Chart Prepared by Jamie Saettele, CMT

DailyFX Trading Guides and Forecasts

-“Weakness below 100.51 (December 2015 high) would suggest a broader reversal. The level is classified as a decision point (make or break level).” I made the case 2 weeks ago in this video that DXY had already reversed but DXY is ‘hanging around’ former resistance (2015 highs) so respect potential for another rally attempt. A decisive break would target 98.00 initially.

DailyFX provides forex news and technical analysis on the trends that influence the global currency markets.

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