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USD Pulls Back - What's Next?
The US Dollar is putting in a bounce today from the same support that had held the lows last Friday, and again yesterday. I had looked at this in the webinar yesterday while highlighting how this could give bears the latitude to re-enter after the USD breakout moved so quickly that the currency began to show oversold conditions from a number of vantage points. After a fresh breakout, conditions are non-ideal for trends as prices have moved so far away from nearby resistance. But, as the pullback begins to show the question is how aggressive bears might remain to be – and one way of reading that is by where sellers ... (full story)