Posted by dentist 007 on August 14, 2010 at 2:01pm
a bit of trawling around box sizes to try and find the price action.action not clear on the hilo plot,so went to close data50 pip box size by 3 reversaldaily dataprice has made a strong upthrust and had no follow thru.a high pole in p/f terms price has now retraced 50 %,this is a critcal level in p/f terms.that makes the action difficult to call.so lots of short term volatility...imho
dollar index...daily..now at res.so it coincides with the eurusd chart price action
Comments
US dollar should break north
my forecast for eur/usd with next few weeks