Monday, June 27, 2011

#USDx and #EURUSD Update

USDx and EURUSD have due MACD bear divergences on the 60 min. time frames.

USDx has a MINIMUM target of 75.04 or the 61.8 fib level on the daily chart.

Similar picture is observed on the Euro. a retracement to a MINIMUM target of 1.43064 is expected most likely the neighborhood of the 61.8 fib level on the daily chart.

Therefore, once those levels are reached, we should see USD bullish short/mid term trend resume.

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