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Discover where are the stops by Dale J Pinkert, of ForexStopHunters

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DXY:One More Jiggle

Posted on March 11, 2011 at 18:40 in Uncategorized by dpinkert

As of yesterday it looked like a Reversal week in the USD was highly probable. As FX traders we learn to expect the unexpected and for me I was surprised. Although expecting some book squaring short covering in EURUSD, GBPUSD and AUDUSD. the explosion in AUDUSD did surprise me, but now puts back on the table a major StopHunt above 1.0255 for the pattern to complete. DXY looks like 7550-60 is likely as well and I welcome both scenarios because I’m ready to execute as these forecasts unfold are you? Good hunting

Tags: AUDUSD, DXY, gbpusd, USD

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