-
Dollar Index Update 12th November
Price is once again close to the 76.70 support level which has held price on numerous attempts to move lower. A solid close below this level would encourage USDX bears but another rejection could see dollar index bulls re-focus on the 10/11/11 78.16 swing high area. Consolidation between the 76.70 > 77.50 pivot levels is a common scenario at present and may continue into next week if the current pattern resumes. The 77.50 resistance was actually taken out as yields on the Italian 10-year bonds spiked to euro-era highs above 7% last week but subsequent political developments have see a move back into the range as the ... (full story)
- Comments
- Subscribe
- Comment #1
- Quote
- Nov 12, 2011 1:59pm Nov 12, 2011 1:59pm
- TraderUSA
- | Joined Aug 2011 | Status: Member | 809 Comments
- Comment #2
- Quote
- Nov 12, 2011 7:23pm Nov 12, 2011 7:23pm
- nolagator
- | Joined Nov 2011 | Status: Member | 23 Comments
- Comment #3
- Quote
- Nov 12, 2011 8:50pm Nov 12, 2011 8:50pm
- Guest
- | IP XX.XXX.180.253
- Comment #4
- Quote
- Nov 14, 2011 5:52am Nov 14, 2011 5:52am
- fxprocessor
- | Commercial Member | Joined Dec 2006 | 25 Comments