AdrianRaymondFX
Long

Let's try that USDOLLAR bull call again

FX:USDOLLAR   Dollar Index
Yesterday I published a chart suggesting upside potential for the DJ-FXCM US Dollar Index             (see related idea below). The support I proposed didn't really hold (but it didn't really invalidate the overall bullish idea either). I have redrawn my chart and currently see a bullish flag formation. I'm bullish above 11,940 points and am anticipating a run all the way back up to 12,040 points. This should give us a nice bear trend on EURUSD             going into the weekend if the dollar is indeed bid tomorrow.
Next stop : 12,040 points.
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Here's the chart I proposed yesterday :
Support cluster on DJ-FXCM US Dollar Index
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