US EditionDaily Technical Analysis: The U.S. Dollar Index Continues to Fluctuate Around 100 level
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Daily Technical Analysis: The U.S. Dollar Index Continues to Fluctuate Around 100 level
After a sharp drop, EUR/USD found demand and buying pressure near 1.1064 with a strong bullish engulfing pattern. Price is now trading in consolidation. Breaking above 1.1200 and closing of the 1H candlestick beyond this level will hint at more increases towards 1.1300 level. Low volume trading was observed last week. Short term and mid-term moving averages give mixed signals with no clear direction. Falling below 1.1125 is bearish on the pair a…
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