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US Dollar Price Action Setups: EUR/USD, GPB/USD, USD/CAD, USD/JPY, Gold
The US Dollar is seeing another aggressive bullish move and with the calendar opening up to a plethora of headline risk over the next two weeks, the big question is whether Dollar bulls are making their move ahead of the outlay. This morning saw a test of 105.38, which is the 38.2% Fibonacci retracement of the pullback move that started last year. Notably, the 50% marker from that same major move is what helped to set the high earlier in October around 107.20. That provides a bit of additional context as that becomes a resistance level of note in topside breakout scenarios, with the 108.00 level looming large above ... (full story)