No change in the view on the $ index as trade from the June 3rd low at 78.35 is seen as a correction, and with an eventual resumption of the longer term declines after. May be forming a pennant/triangle, generally seen as a “continuation” pattern and adding weight to the view eventual new lows.
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USD index, multi-week pennant/triangle still forming
Friday, June 19, 2009Posted by "H" Forex Maker at 5:33 AM
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