Tuesday, October 02, 2007

Dollar update

Dear Readers , $US Dollar has been stretched to a break. It must react at least a bit. Outlook into the end of the year looks bleak, but the indications are that we are going to have a little rebound here. Caution, I would not use this chance to get rid off one's core None Dollar Holding, no way. $USD is cursed with SOPITALISTS in charge. Only traders my trade out in $ short term.

Update (graph is from yesterday). $ is at the resistance with CHF=1.1710 and EURO=1.421. If/when these levels are substantially breached there is 1% move at least in $ upside, Othervise, lower we go now and here.

08:00 ET, O my! The world moves so fast. Well, the move suggested above had alredy happend. Is $USD done, very possible that this is all Dollar will manage. Be careful here and use short term signals to manuver.


NMMM.NU said...

Sold everything. 230 EUR proffit. Not much, but better than loss.

Here are my next update:

boris said...

Dear Nmmm.nu Thanks,
Good Trading