Questions on the Dollar
February 27th, 2010WARNING: This is not a recommendation to buy, sell or hold any financial instrument.
There have been a few emails from people who are wondering about the dollar. My analysis from February 19th, 2010 is in force. The dollar has multiple resistance levels just overhead, as indicated previously.
On Friday, we also saw a breakdown of an ascending triangle that had been forming on the USDX over the last couple of days. I ignored that ascending triangle (which is typically bullish) because of the overhead resistance mentioned in the February 19th post above.
Posted in Economy | Top Of Page
