Friday, April 1, 2011

Keeping it in perspective-USD

Yesterday afternoon I published this post after the Euro had seen an earlier parabolic move (it's worth reading the post again just to get a feel for some of the dynamics that caused this move)

After yesterday's late day accumulation and a signal in the Euro that often leads to a downside reversal, this a.m. the dollar is once again higher by .83% (UUP)

UUP has broken the first layer of resistance this morning, the second (the gap) isn't far off.

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