Monday, August 03, 2009

U.S. Dollar Makes New Lows For The Year



Today we saw continued selling hit the U.S Dollar with the greenback setting a new low for the year. The symmetrical triangle forecasts a downside target of approximately 76.50 based on the widest part of the triangle subtracted from the entry price. I originally posted about this triangle formation back on July 15th. Here's the link to see what the chart looked like several weeks ago.

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