November 18, 2010

US Dollar Index Hour chart violates the trend line

  • US Dollar index violates the trend line in hour chart.
  • The up trend in hour chart is still intact. Only if the hour starts trading below 78.50 the up trend in hour chart will be challenged.
  • The break of the trend line shows weakness in chart but if price breaks out above the resistance line in red the up move will continue. 
  • Resistance for the index is at 79.58 and support at 78.50

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