Thursday, January 26, 2012

US Dollar Forecast

Base on Base,
Cup with handle
I commence with my gratiutde to The All-Knower

US Dollar Index (DXY) has found some resistance as soon it cleared the larger pattern of H&S pattern. Now it is forming "base on base pattern" by forming, another handle of a rather smaller pattern of the cup base.

Dollar shall find the support at the range of $79.10-$79.20. To keep this base pattern strong, the lowest potential support for the said base pattern is $78.62.

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