Dollar Recovery May Have Further to Run

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Dollar Recovery May Have Further to RunU.S. Dollar Currency IndexTVC:DXYWeTradeWAVESThe U.S. Dollar Index has rebounded strongly after completing its latest decline. A short-term retracement may develop first, but the projected structure suggests buyers could return and drive the index toward the 100.00- 100.20 region. Upcoming U.S. employment data may determine whether this recovery gains further momentum. Disclosure: We are part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in our analysis.