DXY bearish pressure
The dollar index is slightly defensive. The result is a break of the ascending trend line. For now, the dollar is supported by the EMA 50 moving average. If the index falls below the moving average line, the index would retreat below 107.00. A potential target is 106.00 on the EMA200 daily moving average.
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.