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Dollar Index

15 Jul 2020 ‚óŹ 06:12 AM

The dollar index is in wave V of 3 down and extending. Have marked the initial move as a leading diagonal in the Euro but on the dollar index it can be argued that the 3rd wave is shorter. So mark it as i-ii-i-ii-i-ii as I have done and then we are in iii of V down. Over all we head to the major trendline support near 94.50. Breaking that would have long term implications.

dxy 150720

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