Dollar Index did not fall today but is up a smidgen. Is this the beginning of the basing process that will keep 92.00 safe? Only time will tell...
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Price fell today. However the falt today was not as disastrous as previous days. I think the basing is continuing. I am still looking for 92.00 to hold
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This week saw the $ move up a bit however price, imho is still in a bearish funk right now and while we can see a bit more upside it would be just a retracement. And the downmove will commence soon
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we had an upmove today. However this is a retracement imho. This retracement could still continue but I believe it will be limited.
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Price is trying to hold and bounce off the green area. Too early to call the bottom
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Nice move up today. A retracement imho. soon the true trend will re-assert. Cant call the bottom yet
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The daily chart may be hinting that this upmove, which looks like a retracement, might be or has already come to an end. If this is so then the euro should rise strongly this week
Thanks Olu, it's good to see you still at it.
Cheers
John
johnm600
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Do you still think it's headed to 108 ?
Cheers
John
Olu
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@johnm600, I believe there is going to be a big move up once the bottom is in however looks like a long way away right now. I will have to see how price develops
dead2live
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I agree. The moving average crossover looks a bit more bearish than the prior crossover in May. Fundamental swings notwithstanding, I think US politics will down it more. We shall see.
Cheers
John