The dollar index ticked lower in European trading on Thursday, after bounce from 8-month low (101.94, posted on Monday) started to lose traction. Weak picture on daily chart (MA’s in bearish configuration / strong negative momentum) warn of limited recovery before bears regain control. The dollar was hit by the recent strong rally of yen, […]
The post Dollar Index: Limited Recovery Likely to Precede Fresh Weakness as Rate Outlook Weighs appeared first on Action Forex.
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