January 11, 2011

  • US Dollar Hour chart is in correction mode after good up move.
  • If this correction does not break below 50 hour moving average we may see Price breaking above the upper resistance line of the small descending channel.
  • Price should sustain above 81.50 for good up move to happen.
  • Breaking below 50 hour moving average and the support line will be negative for US Dollar.


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"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