DXY: Living on the edge

16 במרץ 2014

Closed out of lower Bollinger line, right at previous demand zone that has tested many times the past two years, supported also by the trend line that comes from the 2011 lows. In case it breaks lower, confirming the arc dome and follow the well defined down trend ( below Kumo too -not shown), there is a fresh demand zone in 77.65-76.95 area that will probably react upwards, even short term. At 79.30 area is also the neckline of the infamous possible H&S rounding top formation