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DOLLAR-INDEX TECHS: Bears Focused On 88.125......>

US
US: DOLLAR-INDEX TECHS: Bears Focused On 88.125
*RES 4: 91.689 - Hourly support Jan 12a now resistance 
*RES 3: 91.523 - Hourly resistance Jan 12 
*RES 2: 91.011 - Low Sept 8 now resistance 
*RES 1: 90.826 - High Jan 16
*PRICE: 90.351 @ 0310GMT
*SUP 1: 90.113 - 2018 Low Jan 17
*SUP 2: 89.776 - Low Dec 26 2014
*SUP 3: 88.921 - Low Dec 18 2014
*SUP 4: 88.125 - Monthly Low Dec 16 2014
*COMMENTARY: The index remains heavy with 3+ year lows seeing bears focused on
the 88.125 Dec 2014 monthly low. O/S daily studies and Bollinger band base
(90.365) are concerns for bears. Layers of resistance accumulating adds weight
to the bearish case with bulls needing a close above 91.011 to ease bearish
pressure and above 91.879 to hint at a correction back to 92.254-93.232 where
key DMAs are clustered.

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