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USDINDEX News

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Last Updated Date: 11 May 2021 @ 9:19 AM (UTC)
*Please note that all the dates are in GMT time zone

The Dollar Index, which tracks the greenback against a basket of six other currencies, was up 0.1% at 90.245, after dipping as low as 90.04 for the first time since Feb. 26. 

The market is short term bearish with trade still suggesting a breakout under the 89.94 late February low. The formation alerts for washouts near 89.68. Any corrections will likely hang below  inside 90.61 and use congestion to bear flag. A close over 90.61 stops aggressive bear forces. Only a close over 91.02 signals a reversing turnaround.

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