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The USD Index is forming a market maker sell model after a breakout and a close below the level of 99.50. The US dollar is likely to attempt to overcome the level of 99.00. If it happens, the USD index may continue its downward movement. The bias will stay bearish as long as the US dollar does not retrace to 99.65.
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The material has been provided by InstaForex Company - www.instaforex.com