Greenback weakness. Really?

Greenback weakness. Really?

From ragheehorner.com

No. not really. It’s a matter of (bearish) perspective as the 80.00 level remains elusive and ready to put on the pain if the bulls venture toward it. The level has been broken but momentum faltered soon after. If you’re looking at the shorter-term, intraday charts of the day, the dollar’s weakness seems much more impressive than it really was as compared to the shallow pullback seen on the daily. The (bullish) dollar perspective is that we’re looking at a morning following a record-breaking shopfest filled with more Black Friday deals (that seemed to start Wednesday no?), pepper spray, ... (full story)

Comments / Top
Subscribe
Expand Replies
Collapse Replies

Nov 29, 2011 2:48am

Every dog has his day.... And the Euro has had it well and truely! Not that the greenback is in great shape, but who is the worst in the class? Its still a nice carry trade for the aussie tho...

Nov 28, 2011 9:21pm

greenback is back

Nov 28, 2011 10:15pm

I wouldn't say it's back

but with the impending euro meltdown bubbling and 78.80 still holding on the Dollar Index...things for now still look bullish as the uptrend has yet to really be tested.

Incrediblle

Nov 28, 2011 10:17pm

Permalink

Quoting Raghee Horner

Disliked

I wouldn't say it's back but with the impending euro meltdown bubbling and 78.80 still holding on the Dollar Index...things for now still look bullish as the uptrend has yet to really be tested.

Ignored

hi beautiful