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Re: U.S.$ Index/ Struggling at Resistance/Lee *PIC*

DX is bouncing off its one month uptrendline tonight and still holding above its 20ema. So even though the 81-81.50 area has been resistance for the last two weeks this uptrend is still intact. And until it breaks down most markets will have a hard time rallying. Only real negative with DX is the weak momentum that is evident on the CCI 20. Note previous times this occurred at tops. Any bullish or bearish comments by officials regarding the fiscal cliff or in the Euro zone about bailouts will turn these markets one way or the other. It's a headline driven market with most everything unfortunately. One would be better off to befriend an official on both issues to place bets on direction of anything. But right now most markets are backing off tonight with DX rallying somewhat. The 81 to 82 area for DX is a sticky one. That's all I see here.

Messages In This Thread

U.S.$ Index/ Struggling at Resistance *PIC*
Re: U.S.$ Index/ Struggling at Resistance/Trades
Re: U.S.$ Index/ Struggling at Resistance/Lee *PIC*