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The dollar index rose again above the 102.00 level

The dollar index rose again above the 102.00 level

The dollar index continues to recover after falling on Friday to 100.78.

Dollar index analysis

The dollar index continues to recover after falling on Friday to 100.78. On Monday, the index rose to 102.23 levels, but it did not stay there for long and was followed by a retreat to 101.70 levels. The dollar managed to stay at that level yesterday. During the Asian session, we see momentum pushing the dollar out of that consolidation to the 101.85 level. The index stayed at that level and, with a new impulse, started to continue its growth up to the 102.15 level. We are near to testing the previous high and making a potential breakout above. Potential higher targets are 102.30 and 102.40 levels. We need a negative consolidation and a pullback of the dollar to the 101.80 level for a bearish option. By breaking below, we would be able to threaten the previous support and continue with the retreat to lower levels. Potential lower targets are 101.60 and 101.50 levels.

The post The dollar index rose again above the 102.00 level appeared first on FinanceBrokerage.

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