Watch these levels…I am
Here Are
Some Technical Levels Worth Monitoring
The resumption of trading in
the Dollar Index (DXC) dealt it a blow. The gap lower sets the stage once again
for a break back below key trend-line support at 89.10. For now, key short-term
support is seen at 88.90. Rallies back towards 89.30 should cap any upside
moves.
I will have another article
posted later this morning that begins to explain how to properly identify trend
direction. As always, feel free to send me your comments and questions.
Dave                                                                                                                                                                       Â
AspenTradingGroup                                                                                                                             Â
www.aspentrading.com
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