Dark Cloud Cover on the USDOLLAR Index; Continue to .618

13 May 2015

Today's continuation for the dollar sells confirms last month's predication for further falling of the dollar into the 11050 marks a 618 retracement area for he FXCM index. Normally I find that for each and every point of movement on the index, there will be a corresponding 2 point move on the dollar cross pairs. Therefore, I will continue buying of Pound/usd, Aussie/usd, and Euro/usd. I will continue the sells on usdchf, usdjpy, and usdcad.