Elliot_Myers

USD Challenging New Lows

FX:USDOLLAR   Dollar Index
Morning traders, interesting down move by the USD as it has pushed below recent lows and is headed for the most recent lower high.

A close below that would confirm further downside to the high low at 11840 Stops at the last high 11990.

Of course a failure to close below the last higher low does open a buying opportunity as we see the RSI headed for oversold territory. Lets see what happens.
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