dailyfxinfo

$EURUSD ready to move up?

Short
INDEX:DXY   US DOLLAR CURRENCY INDEX
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Dollar index is moving up in a channel forming a small correction from 79.00. This correction possibly will reverse after hitting %50 level at 80.70. Downtrend towards 78. 40 will possibly resume after this resistance level . I'm not expecting this support to be broken, however 76.50 can be tested. This may help EURUSD to move back to 1.34 - 1.38 levels.

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