Friday, March 4, 2011

The Dollar is down, but is it out?

 FXE Euro Trust 1 min negative divergence

 FXE 15 min negative divergence

 UUP seems to confirm with a 1 min positive divergence

And a 15 min positive divergence.

Remember, a higher dollar will lower the price of oil, in fact most commodities and equities, historically any way.

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