US Dollar Index Classical Technical Report 08.11
US Dollar Index: The market remains locked in a multi-day consolidation since basing out by yearly lows back in April. Ultimately however, until the consolidation is broken, buying on overdone interday dips towards the range lows and selling on exhausted rallies towards the range top by 9750 is the preferred strategy.
Written by Joel Kruger, Technical Currency Strategist for DailyFX.com
If you wish to receive Joel's reports in a more timely fashion, e-mail firstname.lastname@example.org and you will be added to the "distribution" list.
If you wish to discuss this topic or any other feel free to visit our Forum page