Bullish momentum continues to fade for the third consecutive day, as the Dollar Index loses most of its recent gains amid the Fed’s ultra-accommodative monetary policy stance. Additionally, Treasury Secretary Janet Yellen reiterated the important of much bigger stimulus to avoid a huge downside on stocks and the economy. Today, the bears will likely take the price lower testing the 50-SMA.

Support: 105.20 / 104.90
Resistance: 105.70 / 106.10


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