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Friday, September 9, 2011

Dollar charts

Dollar is flying high. After breaking the RED and Orange lines with GAP ups, its now moved above both the 200 SMA and 200 EMA. The GAPs shows the fierceness of the move UP.

Those MOVING AVERAGES  comes around another very IMPORTANT TREND LINE. See the BLUE line . The dollars trading just above it . SO the dollar is breaking very important resistance here.

As for the EUR/USD , it has broken the long term TREND line. As well as the recent low. I dont see any support till 1.3410

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