The US dollar is down big again this week, but will it last into next week? Find out in today’s Weekly Forex Forecast and get the latest on the DXY, EURUSD, GBPUSD, USDJPY, and AUDUSD. The DXY has dropped significantly over the last two weeks, now trading below the December trend line near 104.80. That will be a massive hurdle for dollar bulls next week. However, the dollar index is also still above 104.00 support, making USD shorts risky at current levels. If the DXY drops below 104.00 on a daily closing basis it would expose 103.00. On the other hand, a reclaim of the December trend line near 104.80 would be ... (full story)
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2024-07-14 11:30:00Z
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