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As we can see on the 4-hour chart, the USD Index is now moving toward the weekly liquidity pool sell stop order at 95.59-95.50. Although there is a possibility that the USDX may retrace but as long it does not close above the 97.47-97.50 levels the bias for the USD Index is still bearish.
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The material has been provided by InstaForex Company - www.instaforex.com