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TFC Commodity Trading Forum

Re: Dx ??/Trades/Lee *PIC*
In Response To: Dx ??/Trades ()

The Euro is a bear in all time frames And now it has broken below 1.30 after tagging the 8 month downtrendline in early May. The Euro has held below the 1.30 level for 2 full days now and is below again now. Looks like it is headed for the Jan low of 1.26 but is very oversold already. Lots of history at 1.26. And DX while bumping up against its downtrendline is just poking its nose above the 80.43 area now. While that is not a breakout with the Euro's price action it does strongly suggest DX is going to breakout and run. DX is made up with more than the Euro but is the majority of it so does give an early warning signal. This wont help with intraday trading but is what I see on the Daily charts. But if this plays out this way you don't want to see the Euro back above 1.30. And yes "PRESCIOUS" is something special for sure along with my new belt,holster and 4 mag holders and mags.