Hello Sophisticated Trader,
The DXY has fallen as expected since the index closed below the 100 MA last week. On Friday, the index recovered modestly due to unemployment reports. This recovery should be used as an opportunity to short the index for a deeper, potentially to 94.00. Only a daily close above 97.50 can negate the current downtrend of the DXY. This is important to note for all dollar currency pair crosses.
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Dr. Lydia Smith
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