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Dollar index - Wait and watch


No surprises in Dollar index. It is playing to the script. It has hit the resistances just as expected. The next move or technical call can come only from a shorter term time frame or on how it would behave over the Obama takeover and statements. Will be interesting to watch, on how it plays. But make no mistake, this is crucial time for Dollar in defining its direction; a direction/trend that once in place could last many months.

Too early to call the top or reversal. Wait and Watch.

Earlier posts: here and here
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