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4 Dec 2016
Dollar snaps three-week advance, where now? - BBH
Analysts at Brown Brothers Harriman noted that the Dollar Index snapped a three-week advance.
Key Quotes:
"A convincing break of the 100.65, would likely signal a deeper setback that pushes the basket to 99.70 and possibly 99.00."
"The technical indicators that we noted were mixed last week have all turned lower."
"After the US jobs data, the Dollar Index tested a downtrend line on the hourly bar charts to set the session high. "
"A move above there (~101.10) would likely help blunt some of the technical negativity."