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Chart of the Day: Dollar Index

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Chart of the Day:

Dollar Index

Prices on the dollar index reached new highs in the past week, after a break through the 78.45 region. Currently, we are looking for the final moves of a red wave I/A leg, which is an impulse wave. Once an impulse wave I/A finds its highs around 79.50 region, traders should look for a  corrective wave II/B reversal, before an up-trend will be able to continue.

TheLFB Charting: Dollar Index daily view 

 

 

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