Dollar breaks 95 in steep fall, to draw support from 93.97 fib level

Dollar index tumbled sharply overnight and dived through 55 day EMA to close at 94.91. At this point, price actions from 96.93 are seen as a correction only. Hence, we’d look for strong support at 38.2% retracement of 89.20 to 96.93 at 93.97 to contain downside. The level is also close to 55 week EMA […]

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