Nov 25, 2009

DXY - USD Index - Falling Ending Diagonal




Sorry, i didn't have time yesterday for more charts.
But US Dollar Index seem to form an "ending diagonal".
It is expected to reverse according to most of the technical theories.
Also the sentiment indicators are very bearish (over 90%).It means that very soon there will be no buyers.
I pointed one of the potential Pivot points which might be the key level for reversal.





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