The terminally ill U.S. Dollar is trying to remove itself from its respirator for a while. Record low bullish sentiment in the Forex pits combined with it brushing up against the top of a clearly defined downtrend suggests it needs careful watching for the short term at least. A close above the 50-Day M.A. around 78 would be the first real sign a counter-trend rally is underway. Any such rally should be held around the 200-Day M.A. in the 82 area. Today’s employment number could be the ignition so stay tuned.
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