On the 13th of May i posted this weekly chart
and this is what i said:
"It looks like within a month the DOLLAR INDEX index will break out either up or down on high volume.
According to me, since it has broken the 0.382%, it is more likely to fall to the 0.618%.
What do you think?"
Well, here is the chart again (i did not save it so i drew it again), with the 61.8 FIB being almost hit. After retracing the FIB i found that 96.42 was more accurate. the lowest the dollar hit was 96.45 this week and then bounced up.
Also the cluster of FIB extensions, provided good support.
