The dollar index is holding in prolonged sideways mode and ranging between 200DMA (103.39) and 100DMA (104.02) in a holiday-thinned markets. The bear-leg from a double top at 106.98/107.03) is taking a breather after 1.9% drop previous week, but bears hold grip and warn of fresh weakness after consolidation. Strong negative momentum and multiple MA […]
The post Dollar Index: Consolidation to Likely Precede Fresh Weakness appeared first on Action Forex.
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