MacroVoices #346 Louis-Vincent Gave: The Xi Pivot vs. The Powell Pivot
Macro Voices
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The US Dollar Is Still Up, but Is There Still Gas in the Tank?
In order for there to be a proper US dollar advance, it's going to have to come on the euro heading down to 95 cents or lower. Fewer and fewer things that are working in the favor of the US dollar bulls in the short term doesn't mean it won't go higher. Topping formations typically involve testing of highs on numerous occasions. If we did see a quick surge that broke the dollar to a higher high then that could be something that could mark a key turn point.
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