94 days ago • Posted by Charles-Henry Monchau

The U.S. Dollar Index has broken two key technical levels

The ICE U.S. Dollar Index has bulldozed through two key technical levels — a multiyear uptrend and a Fibonacci zone — opening the door for further downside. Dollar bears will be pleased to learn the next support line is about 3% away. The 50% retracement of its trough-to-peak move over the last decade halted its rout in early 2018 and may be solid enough to stem any slide again...- source: Bloomberg, James Wong 

#Forex
Dollar index
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