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The U.S. Dollar index has been under pressure, and another 5-6% drop is possible before the U.S. election.
US Dollar and Euro diverge at key levels
In recent newsletters to my subscribers, I warned of a potential drop in the U.S. Dollar, and more recently, noted that the Euro was threatening to break a downtrend which dates back to 2008.
(Source: Trading View)
In the Dollar Index, the price is on course for an ominous monthly close below support and the 50 moving average on the monthly level. If this holds into month end, then