Uncle Buck is up today but pausing at the MA 50. A higher high above 98 would put him bullish after the higher low above 93 gave a bounce a chance.
USD is bouncing hard on what, new home sales? Fed governor ‘Sept. rate hike’ Jawbone? Euro ‘sell the news’?
Whatever the reason, Uncle Buck is up today but pausing at the MA 50. A higher high above 98 would put him bullish after the higher low above 93 gave a bounce a chance. The question now is, what point is going to give way, a higher high or a lower low?
I sure don’t know but am going to lean toward a lower low.
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