Is the US Dollar Finally Back to Bull Mode?
The US dollar has broken through the 94 handle, which is a huge victory. It was struggling with the 92-93 range for months. This may confirm a bullish turn for the DXY, but it must hold this range which it was not able to do previously. We are in the middle of a big vacuum zone caused when the dollar plummeted back in July. The next levels are 94.47 and 94.78. Watch for support at 93.83 from Nested Fibonacci and technical levels.
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