The dollar index seems to have formed a triple top. After the weak print in the CPI and employment data, the neckline of the triple top was broken. More weakness in the dollar index is expected at the very near term. This could indicate a bullish bias for major currencies against the dollar in the near term.
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Disclaimer
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.