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Dollar Vulnerable to Short Term Weakness

Discussion in 'Technical Analysis' started by ActionForex.com, Aug 5, 2008.

  1. ActionForex.com

    ActionForex.com Content Contributor

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    We were thrown off by the bounce ahead of 1.5500 on Friday. Expectations for a push through 1.5699 did not come to fruition. If the decline from 1.6039 is wave C of a flat that will end below 1.5283, then the EURUSD should continue to decline near term with 1.5630...

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