Sunday, May 22

Here we go again

Let's see if recent history repeats itself UUP,  the USD bullish etf is testing immediate resistance level between 21.65 and 22.00 looking at the weekly chart its quite obvious that there is accumulation going on in the past two weeks. Trading volume tapers from last week which looks like a pullback to me.


In contrast compare UUP with the EUR Index below although this is a daily chart you can clearly see that they compliment each other. I'll watch both very closely.

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