USDX has found a support area somewhere at 93,16 and now is testing the broken uptrend line. The index didn’t reach the 50% retracement level and now is trading above the 38.2% level. We have an intraday resistance at 95,5 and maybe the price will decline again from this level. As long as the USDX is trading below the uptrend line, the outlook remains bearish for the US dollarn but if the corrective phrase is finished and the price will stay above the support area (93.16)
then the US dollar will grow again against all currencies.


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