For now, we have resistance at the 50.0% Fibonacci level and the formation of a lower high for the dollar index. On the lower side, we have solid support in the zone around the 38.2% level, and we need a break below it in order to start a further pullback and form a new lower low.
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The dollar remains below Friday's high, thus forming a lower high. Now we expect a further retreat and the potential formation of a new low for the dollar index.
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The EMA50-4 h now exerts additional pressure on the dollar
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possible retest to previous low
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