This is the only chart you need to watch today:

US Dollar Index Futures (Hourly)

After spending the last few months grinding lower and reaching all-time lows in sentiment the US Dollar Index is showing signs that a reversal may be at hand. A weekly close above 93.00 would offer the possibility that support has held on the weekly time frame.

Extreme short positioning in US Dollar futures could add fuel to any counter-trend short covering rally:


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