The US Dollar Index again found support at the 35-day EMA, halting recent weakness and more importantly delaying the ongoing A-B-C correction pattern. A loss of 35-day EMA support re-opens the 85 handle, below which will confirm Wave C. Expect dollar weakness while below 87.25 (the trendline connecting the Nov 21st & Dec 4th).
Strategy Summary: LONG EUR/USD from 1.2607 FOR 1.3112 (1st TARGET), STOP AT 1.2707
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