Various pundits continue to believe that the value of the U.S. Dollar, noted here by the Dollar Index (DXY), is headed down. Although there may be rising prices at the supermarket, worldwide the Dollar remains the primary “flight to safety” currency. That characteristic is enhanced by the Euro’s teetering future and American influence over Japan, among many other factors.
With a median target of 103.32, the DXY chart will soon reveal if this E-Breakout is for real:
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