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Friday, May 3, 2024

Dollar blasts above falling resistance!

Courtesy of Chris Kimble.

 

 CLICK ON CHART TO ENLARGE

Started the day off today reflecting that the Euro was facing stiff resistance. Last week I shared that the Dollar looked like it had shrank enough in the chart below…..

CLICK ON CHART TO ENLARGE

The breakout above resistance in the top chart and the breakdown in the Euro is not good for the risk trade!!!

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