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1.66
1.65
1.64
1.63
1.62
1.61
1.6
1.59
1.58
1.57
27Jul09 10Aug 24Aug 07Sep 21Sep 05Oct 19Oct 02Nov 16Nov 30Nov 14Dec 28Dec 11Jan 25Jan 08Feb
Comment: A potential, if crooked, ‘double bottom’ in the making as the USD loses a little ground against a
raft of other currencies (except the Venezuelan Bolivar which was devalued by up to 50% Sunday).
Strategy: Attempt small longs at 1.6095; stop below 1.5900. First target 1.6185 then 1.6240 and more later.
Chart Levels:
Support Resistance Direction of Trade
1.6063 1.6129
1.6035 1.6194
1.5915 1.6242
1.5895 1.6300
1.5832* 1.6340