USD Index could breakdown below major TL S/R and the 98.5 - 98.9 S/R area shortly. Weekly momentum r

The US Dollar Index could breakdown below major TL S/R and the 98.5 - 98.9 S/R area shortly. Weekly momentum recently turned bearish increasing with further falls likely. A breakdown below TL sup 2014/16 would be very bearish. Expecting more downside.

MACD recently formed a bearish down-cross with an expanding negative histogram. Further falls seem likely from here. Stochastic have been forming bearish lower-highs for all of 2017 becoming overbought (<80) a few weeks ago. Continuing to descend..

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