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Jul 13, 2020 11:28 PM

Weight of evidence pointing to lower USD? Short

U.S. Dollar Currency IndexTVC

Description

Apart from the "flight to safety" in March the USD has generally been trading in a sideways manner. Recent trading patterns - megaphone top, breakdown of flag formation, breakdown of intermediate triple top and challenge of the lower uptrend line suggests a possible, imminent break to the downside. Looks like that this could play out very soon?
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