Tuesday, April 19, 2011

Daily DXY did not confirm (yet)

 In yesterday's post, I postulated what might be a potential  DXY trade.  Today's price action saw the price retreat and close below my trendline.  This keeps me cautionary, and I would not be entering the trade until the triggers have been confirmed.  There is also of course all the discussion that the dollar remains dead, and that any bounce will be short lived.  Maybe.  Maybe not.  Watching and Learning.

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