xosignals

#DXY, The dollar on the way down

Short
TVC:DXY   U.S. Dollar Index
The positive trend continues.
As you can see, the dollar stopped at the resistance line, and there are 2 scenarios:
1. The dollar will again fail to break through the resistance as it failed the previous 3 times and will come back down.
2. This time the dollar will break the resistance and increases will accelerate.
We think the dollar will fall back to 97.4 and continue not picking a clear trend.
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