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Dollar Index

22 Sep 2020 ‚óŹ 07:40 AM

The dollar will remain under pressure a while longer but this is not a long term reversal yet in my mind. The decline ended wave 3 and the wave 4 bounce is now getting larger into an a-b-c of one higher degree where c=a is near 94.70. Just short of the 38.2% rertracement mark. After that wave 5 down is still to follow later. For the time that wave c up is in progress previous metals and commodities may experience some pressure.

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