CashmereRyanL

PROFIT TAKING ON DOLLAR SHORTS: TRADING RETRACEMENTS

TVC:DXY   U.S. Dollar Index
Looking at the Dollar Index we saw a strong move to the downside, fueled by inflation numbers from last week's fundamental announcements. We're now looking to see price make a retracement towards the previous level of support which is now resistance. This should give the dollar a little bit of strength across the dollar pairs.

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