US Dollar Price Forecast: USD Plunges Towards Make-Or-Break Support

From forex.com

The US Dollar is in freefall with DXY now down more than 3.1% since the start of November. The plunge takes the index towards multi-month trend support and the last line of defense for the bulls. The fate of the July rally now hangs in the balance. These are the updated targets and invalidation levels that matter on the DXY weekly technical chart. chart Technical Outlook: In my last US Dollar Technical Forecast we noted that DXT had, “reinforced a key range between 105.39-107.18 – looking for the breakout for guidance with the long-bias still vulnerable while below.” An outside-weekly reversal the following ... (full story)