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FX, US Dollar Index: Breaking Down - Short
The US Dollar Index (DXY – 90.97) has confirmed a breakdown from a 30-month inverted ascending triangle, the measured move objective is around 81.70. The Euro (EUR – 1.2202) is viewed as being in a major cyclical advance, our base case is for a move to €1.5000. Go 100% short the US Dollar Index. Also Inside: Infosys (INFO IN – INR1,078.45) – BUY, weekly chart breakout signals resumption of the monthly chart uptrend.
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