S&P 500 Rally Fails to Break Key Resistance, Dollar Pullback Hinted




by admin on February 18, 2012

US DOLLAR – Prices turned lower after putting in a Hanging Man candlestick below support-turned-resistance in the 9823-56 region, with a deeper pullback from here seeing the first layer of major support at 9679. Alternatively, renewed upward momentum through resistance targets 9908.

Daily Chart – Created Using FXCM Marketscope 2.0

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Tags: dollar prices, upward momentum, hanging man



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