Thursday, May 29, 2014

USD INDEX Falters At Resistance Levels - Pullback Pending?

Prior the upside break caused by the weaker Euro, the USD Index had been rising gradually on thinning volume. Due to the offloading of Euros we saw DXY break the 80.50 barrier but remain under the 80.60 resistance, and I now suspect price is coiling up within a Bearish Wedge



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