Simon1
Long

USDOLLAR Technical Bullish formation - H&S

FX:USDOLLAR   Dow Jones FXCM Dollar Index
A bullish head & shoulders appears to be forming within the rising channel of the $USDOLLAR.
Comment: The bullish setup appears to be developing. On strictly technical basis, the bullish movement should reach the height of the head which I believe is quite possible.
Trade closed: target reached: Indeed the price reached the height of the head on H&S formation. A nice trade for the $USDOLLAR. Moreover good guide for associated pairs like $USDJPY or $EURUSD
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