May 4, 2010
Dollar Index in Retracement Zone; Euro Likely Oversold
The Dollar Index continued to soar on Tuesday as it touched its highest level since May 2009. After spending April trading on both sides of a monthly 50% level, the Index
is now in a position to test the .618 price. Based on the major monthly range of 89.62 to 74.17, traders should look for the market to test 83.72 over the near-term. This market should continue to
remain strong as long at 81.90 …
