Tuesday, December 16, 2008
The US Dollar has been punished by heavy selling pressure in recent
days. The US Dollar Index, an average of the greenback's value against
six top currencies,
has now retraced 50% of the most recent leg of the rally starting in
late September (see chart below). Support is being reinfoced by a key
upward-sloping trend line that has guided USD higher since the
multi-year down trend changed gears... [read more]
posted by forexgentrade,
in ForexGen Live Accounts Contest, US dollar
@ 8:40 PM,
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