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Dollar Index Breaks Above Rising Trend Line

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Dollar Index Breaks Above Rising Trend Line. Breaking Above 95.75 Points May Open The Door For 97.61.

If today's retail sales report print positive, It has a big chance that USD Index may test 96.45 points first then 97.61

On the Other Hand, If Retail sales drop today, the USD Index may test again at 94.56 points. But It Won't change its uptrend bias.

So, keep in touch in today's retail sales report. RSI is showing overbought. So if retail sales drop, downside correction is expected. But if retail sales print positive, that won't be hard to carry its uptrend bias.

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