euro

March 13, 2010 - 10:47pm

The Dollar is at a crossroads

I mentioned before that my futures contract of choice to trade is the US dollar. Every night I go over my dollar related charts and begin to form a bias for the next trading session be it an afterhours or an intraday trade. I thought I would post a couple charts that are speaking to me this fine Saturday evening.

We are at an important level with the us dollar. If you look at my US dollar chart I mention that we will either break down or our current price is at support and we move higher*. However, before I make a trade I will need to see the price action as it hits this lower trend-line here at $80.00. Does it bounce, or break through?