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TFC Commodity Trading Forum

U.S.$ Index/Bouncing off Support *PIC*

DX tested the 8 month uptrendline and 200ema successfully and is bouncing back nicely with a gap up tonight. And with that test and rebound back up inverse markets are getting trashed as usual. Big test next is the 4 month downtrendline which is also the April highs resistance. Europe is in shambles for a variety of reasons which should help DX. But resistance is resistance so watch that 80.40 area resistance for a breakout or failure to clear.