Dollar Index Outlook: Bulls Lose Traction But Hold grip, as Markets Await US Labor Data

The dollar index eases from new two-week high on Monday, after strong three-day recovery rally showed initial signs of fatigue. Repeated rejection at 101.72 barrier (50% retracement of 103.06/100.38 bear-leg / 4-hr cloud top) and overbought stochastic contributed to a partial profit-taking, though dips were so far shallow and suggesting that bulls still hold grip. […]

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