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DXY Looks Vulnerable Ahead of Draghi and ECB Thursday

Discussion in 'Technical Analysis' started by FXStreet_Team, Mar 10, 2016.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

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    Something very strange is going on (duh!). No, really. Let's notice that The Dollar Index (DXY) is positioned ominously, pressing towards another confrontation with its flattening 200-Day EMA, now at 96.75-- heading into tomorrow's ECB Meeting when Draghi is expected to acknowledge the need for more stimulus and/or negative rates. Shouldn't we think that the Dollar Index would exhibit a more buoyant set-up if the ECB continues to put pressure on rates while the Fed leaves another RATE HIKE on

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