CapMoore

Bullish close may take Index to target level 11370-11420

FX:USDOLLAR   Dow Jones FXCM Dollar Index
89 0 4
USX puts in a bullish close above previous high and above Yearly R1, which
suggests further gains in the months ahead. The major target for this move is
the completion of large Butterfly at 11420 which also will complete the major
monthly ABCD patterns 1,618 extension of CD leg. The 161CD level stands at 11368.
The last five weeks have been on of consolidation after re-entering the LT             Pitchfork .
The 3rd quartile (green line) has acted as resistance. The completion of major target
level around 11400 will coincide with the Median line of this Pitchfork .
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