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Technical Analysis Posted 13 hours ago

DXY Breaks Support Toward 90, EUR/USD Targets 1.20

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The Dollar Index has decisively broken key support levels and is approaching a critical test of its multi-decade rising channel. A break below 95.55 would signal a structural breakdown toward 90. EUR/USD is simultaneously setting up for a breakout above 1.20. Watch for the next support cascade if DXY closes below structural levels.
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@nsg_usd · 8 hours ago

That's right. A break below 95.55 and price will somersault more to the downside.

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