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RaginCajun
Joined Jan 27, 2008
7,406 Blog Posts

Can The Dollar Bounce?

RaginCajun Tue Mar 1, 2011 11:27am EST 1 Comment

The US dollar could possibly breakdown from this descending triangle pattern, which in turn will be good for stocks. But, normally the dollar tends to overshoot support levels before bouncing. We still have support at 75.60, but it could get ugly here on further weakness. Just something to note, keep it on watch:

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One comment

  1. Henry Fool
    Henry Fool
    March 1, 2011 at 11:45 am

    Yes the dollar can bounce but…

    http://henryfoolspicks.wordpress.com/2011/03/01/if-volume-precedes-price-then-buy-egy/

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