Wednesday, October 21, 2009

U.S. Dollar Index Technical Analysis (Part-10)

U.S. Dollar Index Chart:
Dollar is bouncing around the last line of defence 75.25, it has formed the falling wedge that is very bullish, note fundamentals do not support stronger dollar ,but contrary to average investors bearish sentiment we could get short-squeeze. If dollar breaks support there is no major support until 73.97 . Note if dollar breaks 71.70 it would be very ugly.