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FxWirePro Call Review: Book partial profits as Dollar index reaches target; target extended further

In our call review in April, https://www.econotimes.com/FxWirePro-Call-Review-USD-trapped-in-Bull-Bear-tug-of-war-bears-eye-2-percent-decline-bulls-target-more-than-3-percent-1264126 we suggested that USD is trapped in a Bull/Bear fight, where bears were eyeing further 2  percent decline from the then current rate of 89.6 (Dollar index), whereas bulls were targeting more than 3 percent gains (3.3 percent to be exact or 92.5 area.

In our follow up review, https://www.econotimes.com/FxWirePro-Call-Review-USD-bulls-win-over-bears-target-revised-higher-1274040 we revised our target for the U.S. dollar index from 92.5 to 93.8 area.

As the dollar index reached our target (currently trading at 93.8), we would like to recommend profit bookings to the tune of 50-60 percent and we would also like to extend our target from 93.8 to 94.6 area for the dollar index.

 

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