Tuesday, January 5, 2010

Dollar meanders around decision point

The Dollar (DXH10) has been meandering around it's 77.600 decision point for a number of days now. a breakout from the triangle was a short run up to 78.500 and now is retesting the 77.600 support line.


A bit of support lies at 77.000, a round number that can have squirrelly trades around it, if you're looking for a short. General interest has momentum downward. Keep your stops tight, as conviction has been low lately.



Klatuu