Dollar strengthening is now good news

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EURUSD 1.1571

Intermarket Relationship

Strengthening dollar is not good news for Equity and commodities. Here we see the pair is preparing to correct, meaning strength in the dollar. In my view it will easily come down to 1.12 which is the 61.8% fib as well as role reversal zone also supported by the slowest MA.

Pernyataan Penyangkalan

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