Dollar may be getting ready to move higher

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The dollar index             is looking bullish on the 1H chart. We have a nice XABCD type zig-zag formation, with the 61.8% holding up, and the dollar's consolidation between the 50-61.8 being broken to the upside. In addition, we've had the 200 SMA acting as support all along the consolidation phase. Therefore, we're dollar bulls for the immediate future.
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