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traderpulse
Jan 31, 2019 7:47 AM

DXY Wave analysis Short

U.S. Dollar Currency IndexTVC

Description

Dollar is currently in a bear cycle and forming its wave C in the daily chart.
It is crossing its 200-SMA insinuating further weakness ahead.
The next support for dollar is at 93.85 where it could make a pit stop.
Traders can initiate shorts to captivate the bearish momentum.
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