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03.08.2017 09:50 AMThe Dollar index made a new lower low yesterday. The trend remains bearish. There are important bullish divergence signals by the RSI. This is a warning for Dollar bears.
The Dollar index as we mentioned in previous posts, is trading inside the long-term support area of 92-93. Combined with the bullish divergence signs in the daily and 4-hour chart, we should expect a strong bounce at least towards 94.50 if not higher towards the Daily cloud resistance at 96.
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