14th Aug - US Dollar Index on Brink of Bull Signal
14 August 2014
WEEKLY CHART:
Support from the channel base projection was not clearly violated, and the 78.601 Sep-12 low stayed intact. An interesting recovery looks to be in process now.
DAILY CHART:
The Index continues firm after recently violating the 81.140 38.2% retracement level.
The 81.482 Nov high now needs to be clearly breached on a closing basis, which would provide a good bull signal.
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