00:00The dollar's recovery is losing momentum, and traders are watching for another drop.
00:04After climbing more than 7.5% from its earlier lows to highs, the dollar index has started
00:10pulling back.
00:11Now, several technical indicators are pointing toward continued weakness.
00:16One warning comes from the Relative Strength Index, or RSI, which measures buying and selling
00:22momentum.
00:22Its reading has been falling toward 50, a level that could signal sellers gaining control.
00:27Another concern is rising volatility as prices decline, suggesting stronger selling pressure.
00:33The dollar has also slipped below its 21-day moving average.
00:37Traders are now watching potential support near 100.7, followed by 99.7 and 98.56.
00:45However, a move above 102 near 95 would challenge this bearish outlook.
00:50These levels are possibilities, not predictions.
00:53The key question now is whether the dollar can regain momentum or continue its downward
00:58trend.
00:59Disclosure.
01:00This video contains stock footage and content created or enhanced using AI-assisted tools.
01:04Disclosure.
01:04Disclosure.
01:04Disclosure.
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