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US Dollar Index






3/28/2017 1:44:26 AM

US Dollar Index - Technical Analysis: Tuesday, 28/03/2017 05:44 GMT



The US dollar index managed to break 99.12 level and settled below it, which confirms the extension of the bearish wave on the short term and medium term basis, targeting 98.02 next, to keep the bearish trend dominant on the coming trades.

It is important to note that breaking the above mentioned level completed forming double top pattern that we expect to push the index to suffer losses that extend to reach 96.65, while surpassing 99.12 level will stop the current negative pressure and push the index for recovery attempts that target 100.22 initially.


Target
Risk


Support
Resistance


Trend Bearish

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