Has the US Dollar Bottomed? (6/4/06)
Fridays action shows that pressure is still on the US Dollar.
A potentential contrarian trade is to buy the $ with a close stop under the lows, for a low risk trade.
On the bear side go with the trend and sell the dollar with a stop on the down trend Line.
Inflatiion is still here which makes for a nervous dollar.
Assigned to category: currencies
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