USD

move up on the DX reversed at perfect 100% symmetry. Nice alert coinciding with the EU and GU lows early this morning.

like i said yesterday, i just don;t see the fed letting go of the cheap usd as much as i would like to see usd go on a nice run its just not goin to happen anytime soon,but what will be hear for a while are these nice up&down movements,so just have to collect these 2-300pips moves,one thing i will say is the further we get out the more dangerous goin short on the $$ will be...i nooo longer look to play the shortside of the $$..ok gl guys an ashraf hurry up with some fresh imt;s:) jk

there have been a lot of action while i was gone....
still too early for USDX bulls to celebrate.... need 1 more push above 78.40 level to see it correct much higher to test 80 level...
back below 76.90 level first without breaking above 78.40 would be a warning signal that it could fall further below 76 then towards 74 level....

need to see Euro test lower to 3580/3600 level to confirm deeper correction...
If we see Euro move back up and close above 3900 level... first warning signal it could penetrate above 4001.. which could mean resumption of uptrend...

for now... i'm biased for Euro to drop to 3580/3600 within the week and close below 3830 level...
this would mean bigger correction to 3350/3400 level in coming weeks for Euro...

gl/gt

@Ashraf: "No one does it like we do", you are damn right. You have my respect. Without your views, I'd be about 50% short of information. Nobody does it like you. tnx!

cat, china's problem will blow in 2011/12, definitely not in this year.