Dollar Index Technical Update 26/2/2012

USDX Technical Analysis  – The dollar continues to drop despite the issues in the Eurozone periphery as the prevailing market sentiment appears to have little effect on the underlying price action. – Our  dollar index update  analysis last week (19/2/2012) noted “a further corrective move lower could potentially be seen as the long upside shadow on Thursdays candle, coming at a confluent technical area, has the look of a swing point”.  This has played out as expected and

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