4.16-2 European First Half
This article is not intended to instruct or recommend buying or selling timing.
Please make your own investment decisions.
The continuing decline in the previously high U.S. interest rates is sustaining a dollar-selling trend.
Yesterday, it fell below 1.6 and breached the short-term head-and-shoulders neckline.
We should anticipate a scenario that tests 1.5.
The dollar index is being capped at 91.8 and is moving lower since European trading hours.
We should also consider a move toward around the neckline near 91.35.
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