A couple weeks back I was targeting 100 to 101.50 for the Dollar index and at the same time I was warning bulls to raise their stops as we were approaching very strong resistance area. With the FOMC last week Dollar bulls took a beating and the index fell towards 96. Despite the strong bounce back towards 99 the Dollar index is again testing last week’s important lows at 96.50.
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Fascinated by financial markets, studied International Securities Investment and Banking in the UK, works as a Portfolio Manager in Greece and runs a technical analysis website. Enjoys travelling and spending time with his family and preparing for the black belt in Korean Karate.