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vPurger
Dec 13, 2016 5:57 PM

US Dollar Index Long

U.S. Dollar Currency IndexTVC

Description

US Dollar getting ready for the next big move to the upside. It has been in a uptrend since May of this year, last big move happened after election day retesting the 50EMA, breaking the resistance trend line and 100.25 resistance that has also been resistance since March of 2015.

Then found resistance on 102.00 for a pullback since election day. It already broke out of the 1H downtrend resistance and now retesting it. My goal is not to tell you the entry points, since every single individual is different and entries varies. But pay close attention to the market (Especially EURUSD) to start 2017 in the best way possible :)

Any idea, constructive criticism, addition or disagreement are welcome.

Comment

Last week I said the USD will jump strong breaking 102.00 resistance...Well, there it is.
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