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Dollar forms a short-term head and shoulders
Yesterday saw the strong move higher for the Dollar Index that we were looking for. Yet the signs are we could be set for a move lower given that price is currently breaking below the 96.40 neckline.
This provides a downside projection of 96.15, which seems close enough to be reached today. I would need to see a close below 96.40 for this bearish outlook to be activated.