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US Dollar Index Price Analysis: Recovery could test highs near 97.60

  • The index meets a formidable hurdle in the 97.60 region.
  • The 200-day SMA near 97.70 remains the key hurdle.

The index managed to regain buying pressure on the back of positive US results in the second half of the week, rebounding at the same time from the 97.00 area, or weekly lows.

DXY has now re-shifted its focus to the critical 200-day SMA in the 97.70 region.

Above this area the downside pressure in the buck should alleviate.

DXY daily chart

 

USD/CHF recovers further from multi-month lows, moves beyond mid-0.9600s

The USD/CHF pair edged higher through the early European session on Friday and built on the previous session's modest rebound from multi-month lows. T
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EUR/USD Price Analysis: On its way to 1.1090?

EUR/USD is facing extra selling pressure on Friday after hitting fresh weekly peaks in the 1.1170/75 band on Thursday. If the selling pressure gathers
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