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US Dollar Index






12/10/2014 1:42:43 PM

The US Dollar Index draws a negative pattern that requires caution - Technical Analysis



The Dollar Index still inside the ascending channel, and stochastic still positive, but we should note that there is a negative technical formation being completing now, the confirmation level at 88.20.

Breaking this level might push the Dollar Index out of this channel to trade below its support line, especially after holding below the bullish trend line that carries the Index since the end of last October.


Target
Risk


Support
Resistance


Trend Bullish

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