It appears that the US dollar is ready to move higher against the currency index basket.
With todays close at 83.79 the US dollar has now broken above the 04Apr2013 83.49 and ready to challenge the July 2012 high at 84.10. Once it breaks above 84.10 the next target 88.70
Chart from Juggling Dynamite web site. Click to enlarge image.
As a Canadian I continue to trade this trend by being long the US dollar and short the Euro with EUO-NYSE (ProShares Ultra Short Euro ETF).
Euro vs US dollar. Chart from EWI Short Term Update.
Click to enlarge.
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