Dollar Index – Bears Take a Breather but Expected to Hold Grip While 100 Barrier Caps

The dollar index moves within a narrow consolidation above seven-week low and remains biased lower, following last week’s sharp fall (down 1.5% for the week). Near-term action was so far contained by daily cloud base / 50% retracement of 97.44/101.55 / 100DMA at 99.50 zone, which provides solid support. Daily studies are predominantly bearish (strong […]

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