Replies to post #53459 on Options Wonderland

[3xBuBu]

Re: USD - At High, Yes ... But Should Get To Higher
yep, just for a pause and wait for next leg up
if crsis in Europe will be improved soon, Euro would keep dropping

[dalcindo]

Follow-Up: USD - At High, Yes ... But Should Get To Higher Last High:

Just a quick note here on the breakout from "Trend 2" channel following a short consolidation period.

As of today, that bearish channel's upper border has been violated as the USD climbs to a higher high. In the last posting regarding these competing channels (Click discussion link above), we mentioned a "Higher Last High", which I believe would represent the upper border of that "Trend 1" channel, IMHO.

Once that ultimate point is reached, I am expecting further consolidation below "trend 1" upper border with lows finding support along "trend 2".


$USD - 12-Mo., Daily:



$USD - 36-Mo., Weekly Chart:


- Dalcindo