Where is the U.S. dollar headed as we approach the next FOMC meeting?

Market Pulse for August 11


On the daily chart we see the current trend in weak territory with ADX at 19.5 and DI + and DI- touching. MACD has dropped all divergence from above the signal line and Stochastics are correcting from overbought territory. Weak trend, the market is in a range, bottom 81.000 top 82.500.

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Have a prosperous trading week.

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