The dollar index has reached serious levels of resistance. After an earlier breakthrough over the zone, the index, which traces the power of the green currency against a basket of other major competitors - has come back from below, leaving behind a spike - in the last two times when it happened - in April and May - the price has fallen.
The signal at the most traded currency pair - EUR / USD is just as interesting. Aversion from strong levels of support and display again. The pair is traded in cotes for most of the new year and is currently at the bottom - is it not a sign of a potential reversal?
The dollar index definitely thinks so ..
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