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Forex Technical Major Pairs Analysis | September 10, 2024
USDX (USD Index): chart The index made a strong bullish close with strong momentum yesterday. However, there is no bullish continuation in today’s trading session. The index might continue trading near the 102.00 level nearing the Fed FOMC meeting next week. If the index closed above the resistance level after the FOMC meeting then there is an upward continuation chance toward the daily SMA 200. In the long term, we still think the index will resume the bearish trend and target a level below 100.00. EUR/USD: chart EUR/USD is on the path toward the 1.1000 support level and will soon reach the support level. ... (full story)