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Forex Technical Major Pairs Analysis | April 20, 2021
USDX (USD Index) chart U.S dollar index reached the blue box area which is the bearish target. The index shows an initial bullish reaction today and might start a bullish leg toward 92.00 and daily SMA 200. However, it is too early for traders to assume that the index will start moving bullishly. The index needs to print a more bullish close to confirming the bounce. On the other hand, a close below the blue box area will trigger a bearish continuation. EUR/USD chart EUR/USD extended its bullish movement and reach the 1.2070 resistance level. There is a bearish reaction from the resistance level and might produce ... (full story)