Dollar trading showing strength on move to resistance
Dolllar Trading showing strength as it moves to test resistance.
The Dollar index is showing strength as it moving to test the previous swing high.
Watching for the volume to either capitulate giving a double top for a reversal, or for the price action to consolidate and then slingshot through. Buyers are in control these past two days of dollar trading and watching for the acceleration into this resistance.
The recent press about the growth in the US economy and the move to a self sufficient US energy environment could see more strength in the coming months.
This could spell disaster for the Euro Dollar trade, the Yen Dollar trade and the GBPUSD trade as there is continuing pressure of continued recession.
New to Money Maker Edge? Start here.
Everything on this blog comes from one method: defined risk, a written plan, and live trading with a group. Learn it in three days, then trade it every market day.
The 3-day day trading course · The live trading room · Day trading psychology · Call 866-640-3737
