AdrianRaymondFX

Time to cut longs on USDOLLAR

FX:USDOLLAR   Dow Jones FXCM Dollar Index
123 1 3
Yesterday I published a bullish trading idea on the Dow Jones-FXCM US Dollar Index             given that it was testing an uptrend support. After bouncing a bit in the afternoon (around 30 points), prices are now breaking the trend line . This is an indication that it's best to cut dollar longs just to be safe. EUR/USD             might move back up above $1.10 at this point.
Fake move by the market.
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