TrainingTrader

Breakout confirmation of the Dollar will be HUGE

ICEUS:DX1!   U.S. Dollar Index Futures
The United States Dollar Index continues to trade with in the range but failed to trade above the 50 exponential moving average (EMA) and ended off the week at the low of the range.

Breaking out of the 104.734 resistance can bring more strength to the dollar but if price were to fall below the recent low, the bullish trend of the Dollar will cease.


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