Mar 21, 2011

US Dollar Index => Crucial weeks


Tough days for the US Dollar lately.

As we could see a H&S pattern, you can see on the chart where the breakdown of the neckline occur. We had a nice test of the neckline from below and then a roll-over.

Now, supports seem to be broken and the US Dollar seems to head down.

Time to be a contrarian and buy it?! Go for it and tell me how it feels to be a buyer of the US Dollar.

I'd rather wait for a buying opportunity. You want to be a seller here until the markets prive you wrong.

Good luck.

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