Chart is /ES hourly.
Wednesday, November 2, 2011
US Dollar update
An real time update of the USD shows that our risk off currency is hanging to its support. If the 50 DMA breaks, then we could see a rally of atleast 2% in the markets till the USD will reach the 200 DMA support. If that support also breaks, then you could put on an Intermediate term market rally. Keep a close eye on the Dollar index
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