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FX weekly — DXY and 14 currency pair levels and targets
Currency markets this week trade by ranges and the same exact range points as last week. Long and short entries from last week sit at the same levels this week. Holding progress to wider trade ranges is the same EUR/USD and DXY story to average compression. DXY traded + 100 pip weeks in 3 of the past 9 weeks. Since January and 20 weeks, DXY traded +100 pip weeks in 9 of the 20 weeks and just under 50%. DXY traded 103.00 to 106.00 for the past 9 weeks and progressed higher by 30 pips per week at 6 pips per day for 45 trade days. EUR/USD 5 year average at 1.1121 = DXY 99.00. EUR/USD 1.1032 = DXY 101.14, EUR/USD 1.0886 ... (full story)