The Dollar Index (DXY) has experienced a steady downtrend after facing strong resistance near 110.15 in January, Société Générale’s FX analysts note. Signals of a meaningful bounce are not yet visible “It has recently given up the 200-DMA (105) and is drifting towards November low of 103.30. Daily MACD is within deep negative territory denoting a stretched down move; however, signals…
