Thursday, June 30, 2011

#USDx and #Majors

The buck is approaching a very important trend line. It is the lower trend line of a triangle formation. Likewise EURO, USDCHF, Cable are all approaching key TLs.

Coincidence or not both EURO and USDxs trend lines almost perfectly coincide with the fib retracement level of 38.2.

Lets see how this plays out.

* I have a very strong cold and could not update earlier.

Best to all.

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