FX:USDOLLAR Dollar Index
Today's continuation for the dollar sells confirms last month's predication for further falling of the dollar into the 11050 marks a area for he FXCM index. Normally I find that for each and every point of movement on the index, there will be a corresponding 2 point move on the dollar cross pairs. Therefore, I will continue buying of Pound/usd, Aussie/usd, and Euro/usd. I will continue the sells on usdchf , usdjpy , and usdcad .