11.02.08


General view
This week (11-15.02.08) possible either continuing trend toward consolidation of the dollar or some correction. The last week the pair EUR/USD has been in the «triangle» formation and still will be there some time. The GOLD has formed turn around formation «head & shoulders» and looks like this week its «neck line» will be broken, in this case the GOLD will drop up to 851$ and of course this will be in favor of a dollar.

The correction of the dollar is more possible then its growth starting Monday, but in the long term the dollar will continue growth, this is why who has long term positions to buy a dollar I suggest continue to keep them open.



EURUSD




USDCHF



USDJPY




GOLD




Dollar index (DXY)
H4