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Is the Dollar ready to strengthen again?

Mon, Dec 1 2008, 02:14 GMT
by Pierre Charlebois

www.TradingPostFinancial.com


The last few weeks I speculated the that the Dollar Index was in an ending diagonal which would signal a turn. Indeed we saw this turn and we are now in a re-tracement of the counter-move.

The question this week is are we going to see further counter-trend? I would think we need a little more counter-trend prior to another positive Dollar move.

Cheers and good trading!
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