About five weeks ago, I wrote an article for stockcharts.com regarding the US Dollar breaking out to the upside. Based on previous resistance and Fibonacci retracement levels, we reviewed upside price objectives for the Bullish Dollar ETF ($UUP).
What happens when price objectives are reached? This is a perfect time to revisit the thesis and update your strategy with new price targets.
Head over to stockcharts.com to see updated charts on the US Dollar along with updated support and resistance levels to monitor going forward.
RR#6,
Dave
Disclaimer: This blog is for educational purposes only, and should not be construed as financial advice. Please see the Disclaimer page for full details.