Thursday, July 12, 2007
The Dollar Is Testing The Low From 2004
Above is a weekly chart of the U.S. Dollar and as you can see the dollar is testing the low from 2004.
In my opinion I think that low will be taken out based on the fact that the Euro is already above it's high from 2004 and so is the British Pound.
I am long the Swiss, B-Pound and Euro and I took profits yesterday on half my position.