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The Dollar Index continued its march.........>

DOLLAR
DOLLAR: The Dollar Index continued its march higher in EU/US hours, GBP was the
most resilient major after a Business Insider article stated that the European
Parliament wants Britain to have 'privileged' single market access after Brexit.
- From the a technical perspective the DXY closing above the 55-DMA (89.639)
eases bearish pressure with above 91.751 needed to shift initial focus to 92.640
and overall focus to 94.219-95.149. Initial support is noted at 89.442 with
bears needing a close below to signal a false break of the 55-DMA and return
focus to 87.202-627 where the weekly bear channel base and Dec 2014 monthly low
are situated.
MNI London Bureau | +44 0203-865-3809 | anthony.barton@marketnews.com
MNI London Bureau | +44 0203-865-3809 | anthony.barton@marketnews.com

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