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Dollar Index Holding Up Amid Fresh Escalation of Tension Between US & China

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Meanwhile Dollar Index holding up gradually as escalating tension between China and the US weighed against hopes of further economic stimulus. Beijing has said it will sanction 11 US citizens in response to similar measures from Washington, intensifying the friction between the world’s two largest economies after the introduction of a tough security law on Hong Kong.

TREND : SIDEWAYS

Time                                      :           11/08/2020

Pivot                                      :           1.1762

Technical View                     :             LONG ABOVE 1.1773

Target                                   :            1.1784, 1.1801, 1.1823, 1.1844

Technical View                     :             SHORT BELOW 1.1734

Target                                   :            1.1706, 1.1721, 1.1701, 1.1662

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