All Eyes Continue to Watch the U.S. Dollar

Discussion in 'Technical Analysis' started by FXStreet_Team, Dec 10, 2015.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

    Oct 7, 2015
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    This morning's Dollar Index (DXY) weakness is pressing towards a test of last Thursday’s (12/03) Draghi-ECB low at 97.59, which, if violated and sustained, will increase the likelihood that the Dollar is in the process of establishing a March-December Double Top after its 27% advance off of the May 2014 low at 79.80. One implication of a rest-corrective period for the Dollar is a reduction in the intense headwinds that have negatively impacted the commodity (CRB) space during the past 20

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