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US Dollar Index Classical Technical Report 08.03
Written by article default Wednesday, 03 August 2011 08:23
US DOLLAR INDEX:The market remains locked in a bearish consolidation since basing out by yearly lows back in April. Ultimately however, until the consolidation is broken, buying on overdone interday dips towards the range lows and selling on exhausted rallies towards the range top by 9750 is the preferred strategy. The latest bounce by the range lows suggests additional strength over the coming sessions.
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