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DOLLAR INDEX (DXY): Bullish Rebound from Trend Line
The Dollar Index has approached a key upward trend line.
After a sharp decline, the market seems overbought, and the formation of a cup and handle pattern suggests weakening selling pressure.
A retracement to 108.80 is expected.
After a sharp decline, the market seems overbought, and the formation of a cup and handle pattern suggests weakening selling pressure.
A retracement to 108.80 is expected.
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