May 5, 2010
Flight to Safety Rally Drives Dollar Index through Retracement Level
The U.S. Dollar gained ground against most major currencies with the exception of the Japanese Yen on Wednesday boosted by demand for safer assets. The Dollar Index
continued its six month rally, touching its highest level since May 2009. Today’s strong drive to the upside took out a .618 retracement level at 83.72. Continue to look for higher prices as long
conditions remain chaotic in the Euro Zone. Technically, it would be …
