Forex Cow

Is the Dollar Recovering?

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In Brief...

Regardless of that, the dollar was due for a correction. The dollar is approaching it's previously broken support area, which is now resistance. There is talk in the forex community that this is the dollar recovery dance, but I don't buy it. The fundamental problems are not being solved, and in my opinion that is bad for the dollar. There might be some short term uptrends, but I think that until the truth is admitted and faced by the US, the future of the dollar is bleak..

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