Thursday, July 16, 2009

EUR-USD and US dollar index


If the US dollar index breaks the support at 79.5$, we might be heading for a sudden fall of the dollar. Something to monitor very closely tomorrow !

On the opposite side, the EUR-USD chart below shows a potential buy trigger if price breaks out above 1.4150. But always beware of fake moves that might simply bring the currency pair back within the trading range between the two green lines showed in the chart.

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