Dollar Index: Consolidation to Likely Precede Fresh Weakness

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<p>The dollar index is holding in prolonged sideways mode and ranging between 200DMA (103.39) and 100DMA (104.02) in a holiday-thinned markets. The bear-leg from a double top at 106.98/107.03) is taking a breather after 1.9% drop previous week, but bears hold grip and warn of fresh weakness after consolidation. Strong negative momentum and multiple MA [&#8230;]</p>
<p>The post <a href="https://www.actionforex.com/contributors/technical-analysis/528872-dollar-index-consolidation-to-likely-precede-fresh-weakness/">Dollar Index: Consolidation to Likely Precede Fresh Weakness</a> appeared first on <a href="https://www.actionforex.com">Action Forex</a>.</p>