October 24, 2011

US Dollar Near 200 SMA

  • US Dollar is about to retest its 200 SMA.
  • Now Price may retest 200 SMA and start moving up to save the golden cross(50 SMA crossing above 200 SMA) that's shown in daily chart. Or a breakdown below 200 SMA which will lead to a failure of this golden cross and dollar may fall towards 73 levels.
  • ES RESISTANCE LEVELS IN DAILY CHART

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