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DOLLAR INDEX (DXY) Key Zone to Watch (trading plan)



Bears keep pushing US dollar .

Since April the index lost almost 4% of its value.


Ahead is a current year's low.

89.2 - 89.7 is a historical demand area.

I believe that the index may bounce from that structure.


Your confirmation will be a bullish breakout of a falling wedge pattern.

It will signify the willingness of buyers to buy.


In case of a bearish breakout of the yellow cluster,

the further decline will be expected though.


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