Dollar Retraces to 61.8

Dollar Retraces to 61.8

Hope everyone had a good thanksgiving. If you're a US citizen you're wealth increased over the holiday as the dollar broke out above the 50% retracement level and hit the 61.8% retracement level at 80.6. I previously stated that the dollar would entire a consolidation phase ~78, but now that it has hit the 80.6 mark, I am going to raise my estimate to 79-80 for the consolidation area. Anytime I have an opportunity to short the dollar at 80.6, I will be taking it.

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