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Elliot_Myers
Sep 6, 2016 8:40 AM

USD Challenging New Lows  

Dow Jones FXCM Dollar IndexFXCM

Description

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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