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US Dollar Price Action Setups: EUR/USD, USD/JPY, Gold, GBP/USD, USD/CHF
The US Dollar put in a strong breakout last week that extended into this week as bulls pushed beyond the resistance side of a falling wedge pattern. Follow through resistance has since shown at 103.45 and that’s held the highs so far, but much as I had looked at last month after the breakdown to fresh yearly lows, the big question is whether the break can turn into a trend. And for that, we’ll need to see bulls come in to support higher-lows or else price can push right back into that prior spot of consolidation while showing the topside move as a false breakout to the upside. At this point, support has shown in ... (full story)