The US Dollar Plunges!!
The US dollar has plummeted from the 96 handle, through 95's and is attempting to find support in the 94's. We saw brief support at 94.97, but this did not hold long, and we fell down to 94.77. Several green triangles on the KRI are confirming support just below this level, but we continue to edge downward suggesting we may be seeing a bear flag or other consolidation pattern forming. We have a vacuum zone below to the next level of support at 94.45, should the fallout continue.
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