Monday, June 27, 2011

Breakout GAP on #USDx

There is a breakout gap on USDx from the great accelaration it received on 23.06. The bottom of the gap is precisely at the 77.74 level.Therefore, price will  cover that gap thus completing the bear MACD divergence as well. That level has become a support level. From that point on, USD should recover its bullish pattern.

We should than expect a bullish EURO until that gap is covered.

Lets see how this plays out.

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