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DXY, EUR/USD, USD/JPY: Setups Indicating USD Gains - Citi
CitiFX Technicals expects further USD stabilization and bullish breaks over the coming weeks. In the USD Index, Citi notes that it appears to be forming a short term double bottom pattern at 79.33 with a neckline and trend resistance coming in at 80.57-80.61. "A rally towards there seems likely and a close above those levels would be seen as a bullish short term break. The pattern would target 81.85 which if met would mean a rally through decent medium term resistance levels at 81.48 suggesting an even more aggressive rally is likely," Citi projects. In EUR/USD, Citi notes that it has continued to hold the 76.4% ... (full story)