band of the cloud, but it failed to close below it. Retail
sentiment has turned neutral, from net short, which doesn't
give a clear bias at current levels. Looking at FXCM dollarindex,
it stands at a channel top showing some weakness. It also
stands at 2009 high.
The fact that price failed to take out
the 50% fib of recent move up, may suggest further upside,
The projected kumocloud (the future) is , thus giving
a close below the cloud a corrective (false break) signal.
R/R for long from here is great, with possibility of a tight