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Forex

Dollar Index Eyes Recovery as EUR/USD and GBP/USD Retreat

Instruments
EUR USD GBP
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The US Dollar Index is currently trading at $100.03, attempting to break above its rising trendline and horizontal support at $99.42.

Price has surpassed the 100-day EMA at $99.91, but still faces resistance from the 50-day EMA at $100.29.

The Relative Strength Index (RSI) is around 44, indicating a path to recovery after being in weaker territory.

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