December 4, 2010

  • US Dollar index is trading near its important support area of 79.40.
  • Price may given an up move because of oversold conditions.
  • Breaking and closing below 79 means closing the day below the cloud which can change the trend of US Dollar.

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My Favourite Quote

"All through time, people have basically acted and reacted the same way in the market as a result of: greed, fear, ignorance, and hope. That is why the numerical formations and patterns recur on a constant basis."
—Jesse Livermore