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Dollar: LOW IN PLACE!!

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Aug 10 2010

An upward structure from the lows is sharp and can be counted as a five wave move; impulsive structure, which should be part of some larger bullish price action. More strenght to come, while the 80.08 low is in place. If the short corrective pull-back appears in the near-term, then look for supports around 80.70 region!

Dollar Index 30min chart:

Disclosure: Long $