Tuesday, May 29, 2012

Dollar Index faces significant test

Last month's rapid EUR decline has brought the Dollar index up against a significant trendline stretching back 11 years. Chances are we will get a reaction here. 

If DX slices through this level, the next attraction is the 88/90 area (previous peaks from the 2008 crash & Summer 2010 Euro-to-zero fears).

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