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US Dollar index poised to decline further

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US Dollar index stays under selling pressure maintaining sideline theme near 95.00 level. The potential of further slide is quite imminent to test the confluence of 200 day MA and Oct lows at 94.80. 

Further strong selling momentum may drag the price down to 94.20 (38.2% Fibbo retracement) ahead of Sept lows at 93.70. 

Technical Levels

R1: 95.76
R2: 95.99
R3: 96.35

S1: 95.17
S2: 94.81
S3: 94.58


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