I'm in the middle of my vacation but since I have several positions on USD I thought of just chiming in and see how USD was doing since 7 days ago...
From what I can see with the limited graphs access I have now, it seems a reversal is indeed taking form in USD. My target at 75.47 missed the actual low by 0.01 ... Beginner's luck I guess eheheh...
Anyways if everything goes accordingly, mid term USD Index should go above 90 ... and perhaps initiate a big bull market, but first things first and let's not get carried away... The area around 80 is still an obstacle to overcome... so let's root for that.
Monday, August 10, 2009
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