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Forex Technical Major Pairs Analysis | November 02, 2023
USDX (USD Index): chart After the Fed’s announcement yesterday, the U.S. dollar index finally showed weakness and now there is a possibility of further decline towards 103.85. An increase in interest rates is unlikely to occur in the future. Currently, market players will wait for a decrease in interest rates for a long-term reversal in the direction of the dollar index. EUR/USD: chart EUR/USD increased and soon will reach 1.0650 again. Testing at the resistance point will take place and this time there is a big chance of a breakout and closing above it. As long as there is no close above it, consolidation of ... (full story)