US Dollar Price Analysis: Bears in control and eye downside continuation DollarIndex Technical Analysis
remains on pause for the time being and over fears of a hard landing. The following illustrates the technical structure o the market and arrives at a bearish bias as follows:The bears need to get below the 78.6% while it moves in on the neckline of the W-formation.
The daily chart shows that the price is on the verge of a downside correction after meeting resistance on the correction in the Fibonacci scale.Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions.
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