Depending where/when the neckline breaks, we could see price surge to 79.00 in a few months time or even less.
For now, just seat back relax but keep an eye open for the USD bulls coming back strong as to push the buck to new higher highs.
Statistic and Probabilistic Trading
Tuesday, May 31, 2011
#USDx Daily Chart
USDx is bearish right now. However, I have sufficient elements to believe that the bears will push their breaks soon. Bulls could take the wheels already during this week. If not, early next week.
Depending where/when the neckline breaks, we could see price surge to 79.00 in a few months time or even less.
For now, just seat back relax but keep an eye open for the USD bulls coming back strong as to push the buck to new higher highs.
Depending where/when the neckline breaks, we could see price surge to 79.00 in a few months time or even less.
For now, just seat back relax but keep an eye open for the USD bulls coming back strong as to push the buck to new higher highs.
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