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The overall outlook is still bearish for the US Dollar. Any gains tomorrow will most likely be for the short-term. 2017 was bad for the dollar and I won’t be surprised if 2018 will be even worse.
But Fundamentals aside, let’s talk technicals:
◼️Yes the Dollar found some support few months back at 91 and pushed it towards 95, but if you look at it from the big picture, it only looks like a healthy pullback in a downtrend.
◼️Yes it printed a higher-low around 93, But price action isn’t very bullish despite number of “positive” news it’s getting.
Ultimately, the bulls need to break above 96-97 to invalidate the market’s overall bearish sentiment to take back control.
The rest is just noise.
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