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As markets consolidate is it time for a US dollar retracement?

From hantecfx.com

The early months of 2019 have been rather truncated for the dollar. Swings higher and lower have been a feature. Moves of around one to two weeks higher tend to be followed by moves of one to two weeks lower. The chart of the trade weighted Dollar Index shows this to be a key feature. After having recently rallied for the past couple of weeks, is now the time for another retracement lower for the dollar? There are several key charts pointing this way. A close on Dollar Index below 96.90 sees the market topping out again. This equates to EUR/USD pulling above $1.1260 (already underway) and Dollar/Yen below 111.20 ... (full story)

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  • Category: Technical Analysis