Looking at the US dollar index chart, we can see that price fell below a floor of support to an important historical level. Since then the price has been put in a double bottom, bouncing upwards from this historical level twice. In FXStreet we consider putting in a buy position, because after all, how low can it go?

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About the Author:

Adinah Brown is a professional writer who has worked in a wide range of industry settings, including corporate industry, government and non-government organizations. Within many of these positions, Adinah has provided skilled marketing and advertising services and is currently the Content Manager at Leverate.