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Dollar Index – Weekly Analysis = #DXY $DXY $USD #forex #elliottwave
The advocates of continued U.S. dollar weakness had a rather uncomfortable week, as DXY delivered a move that was broadly expected within the Investing Angles circles. Last week I wrote that “the Dollar could return toward the $100–101 area relatively quickly.” What can I say except the rather sacramental: “I told you. Hope you were prepared.” Now the real question is not whether the Dollar moved—but how strong and durable this move can become.