Short DX at 80.24

Short DX at 80.24

Two points define a trendline. The third point makes you money. The dollar has based in the 77-78 area for almost a week. A bounce in the dollar may take place here. Either trendline A or B will act as resistance. At this time I'm not sure which one will dominate, but I favor B. Technical level 80.24 is a nice price to short DX. Perhaps the G20 summit will provide the stimulus to get the dollar to 80.24.

LOADING
(optional)
(optional)
Copyright 2009. All Rights Reserved.   Site Map
Disclaimer: All content on spychart.net is intended for recreational purposes only. Consult a licensed financial planner before making any decisions with financial ramifications. The author is not liable for any financial, mental, physical, or spiritual loss or damage incurred by the reader.