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Dollar Index – A chart US dollar bulls would love to frame

TVC:DXY   US DOLLAR CURRENCY INDEX
What we have is a monthly chart showing an inverse head and shoulder formation under progress. We could go lower from here to 90.00-89.00 levels if the US data continues to disappoint.

However, what dollar bulls would want is a rebound from 90.00 and 89.00 as that would increase the odds of completion of inverse head and shoulder pattern.

This is a kind of chart that dollar bulls would love to frame in their living rooms!

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