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theTrendtradr

USDOLLAR Index bound to drop more?!

Short
Dow Jones FXCM Dollar Index (FX:USDOLLAR)  
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FX:USDOLLAR   Dow Jones FXCM Dollar Index
DJ FXCM Index trendfollowing short longterm
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usdollar trendfollowing short longterm
Not just this week closes below the significant fractal sell signal in the USDOLLAR Index. The break of this support happened three weeks ago already and might actually see some continuation. I indicated the next important support zone, let's see if this market will hit that level. On monthly it's correction mode - so don't expect a stable and robust trend down...
Commento:
Last week didn't really move anywhere. Bears won the fight until the Friday's close. Let's see if some more downside pressure will hit this market. Still expecting to hit 11600 area, even though no clue when.
Commento:
Short position remains active since price keeps going lower for now. Next support level is possible target.

Idee correlate

theTrendtradr
USDOLLAR: End of Correction, Bullish again?
theTrendtradr
USDJPY Daily: Pair closes at low of week, but divergence forming
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