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The US Dollar pulled back as global stock and oil prices recovered but the bearish technical setups created with yesterday’s selloff have not been invalidated, hinting the greenback remains poised to advance amid renewed risk aversion.

Student’s Question:Here's the support line. But I am still confused as to when should I enter the trade and when should I exit the trade according to the historic chart I posted?

The euro is weak across the board. In fact, the EURAUD is trading at a 19 year low and an objective is 1300 pips lower.

U.S. stocks posted their largest gain in nearly two months despite a report that the number of mortgage applications declined for the first time in six weeks.