Initial target is set to aorund the 76.40 level. Also, there is a gap above that shall be covered.
Here is the chart:
The 240 min. chart demonstrates the bullish flag formation that should trigger higher price levels for the buck.
Statistic and Probabilistic Trading
Wednesday, June 8, 2011
#USDx Bullish Flag Formation
As I have been posting on my blog lately, I truly believe that the USD will rise for the next months and possibly untill late 2012. The beginning of the buck surge began yesterday and most-likely will be confirmed today (late US Session) or tomorrow when this bullish flag formation is to be taken out.
Initial target is set to aorund the 76.40 level. Also, there is a gap above that shall be covered.
Here is the chart:
Initial target is set to aorund the 76.40 level. Also, there is a gap above that shall be covered.
Here is the chart:
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