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Down with the Dollar!

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TVC:DXY   美元指數

The Dollar has been doing well the past few days, but this uptrend will not last long. When the Dollar first reached fib level 38.2 there was a deep retracement that broke past 78.6 at its lowest point. While the Dollar has fully recovered since that drop, it looks like momentum will not hold much longer. Once I spot a reversal trend and the dollar breaks the red trendline, I will definitely short until price reaches fib level 61.8.


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