Friday, 16 March 2012

USDX

The Dollar Index whilst above 80.04 - the 61.8 fib of the 79.67//80.73 up leg - targets 81.15 the reciprocal 161.8 Fib extension. Should we see price failing around the 80.70 level, it is very possible that we instead are forming an SHS with neckline currently at 80.19.

Update... SHS it is ... Target looks to be at 79.36 

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