After several weeks of rallying, the US Dollar Index is showing signs of potential profit-taking. 📉 Here's why: • Reached the 200-day moving average 📊 • Hit the 61.8% retracement from the June-September drop 🔄 • Daily RSI is overbought at 83 📈 On the weekly chart, the market is also hitting key resistance levels: • 55-week moving average 📅 • Peaks from 2017 and 2020 📊 Formidable resistance is in play, so we may see some profit-taking soon. If you're in, consider raising your stops! 🚀
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