U.S. Dollar Tests Critical Breakout Level While Oil Keeps Inflation Risk High

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U.S. Dollar Index technical breakout risks are building as crude oil prices remain near the $100 level, keeping global inflation pressures elevated. Razan Hilal, Market Analyst at FOREX.com, examines the long-term charts for the U.S. Dollar Index and EUR/USD, highlighting a potential double bottom in the Dollar and a possible double top in the Euro. Key technical levels could determine whether the Dollar begins a new structural rally or reverses sharply.

This content was created by an affiliate of FOREX.com and represents the views and opinions of the author/speakers, not the views and opinions of Forex.com, StoneX Group Inc., or its subsidiaries. The content has not been independently reviewed by Forex.com.

 

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