US Dollar Sets Another 8-Month Low, Stocks Edge Above Resistance
Prices appear to have narrowly edged above resistance at $1181.42, the 123.6% Fibonacci extension of the 8/5-8/25 downswing. Negative RSI divergence hints at fading momentum behind the advance, but a move toward the 138.2% Fib at $1195.28 now looks likely in the near term. $1181.42 has been recast as support. US DOLLAR INDEX
Thursday, September 30, 2010
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