Wednesday, July 25, 2012

War -Zone - Dollar

Important action is in currencies, as Dollar broke out of our T_Zone yesterday (83.93), and thus gave bullish signal. But failures of such signals are rare (statistically tested) but have a very good risk reward (of course on short side).
Now dollar today is back down that break-out zone and is trading as if it wants to trap bulls and zoom to downside. Dollars direction will have a huge tell on equities globally and can be make or break day/week for other risk assets.

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