Make or break?

30 thg 8, 2012

DXY Medium term down trendline is pressing down, however the index is supported by a rising trendline. RSI is giving the signal of a breakout. I would not be surprised to see 81.30 before it moves over 81.60. This move will possibly trigger a breakout in EURUSD towards 1.6000 where a big sell-off will start which will possibly end up at 1.2200. jackson Hole will tell us the direction... Follow us @ twitter.com/dailyfxinfo dailymarkets.info