AdrianRaymondFX
Long

Support cluster on DJ-FXCM US Dollar Index

FX:USDOLLAR   Dollar Index
120 1 3
The Dow Jones-FXCM US Dollar Index             has been consolidating for the past 24 hours ahead of the FOMC minutes later today, and recent price action suggests a triangle formation that may be used for trading major currency pairs. There's a decent support at 11,965 points that currently supports a bullish biais on the greenback. This means that the euro             bounce initiated last night may come to an end if the dollar breaks its triangle resistance.
I was wrong on this one, but I'm not really confortable with short strategies on the USD.
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