DX_F continue to rise from the day that the FED announced QE2. There is little in the way of resistance between the current price and key resistance of 80.17. Any trade above this level would be the first hint that the intermediate trend is under pressure. I assure readers that a massive amount of shorts are starting to cover and my expectation is that if "key resistance" is broken, then the big squeeze will be on. Should critical resistance succumb to buying pressure... well that confirms a trend change.
Bottom line: Watch key and critical resistance. All dollar denominated assets are at risk!
Best of Trading
No comments:
Post a Comment