Uncle Buck resides right at the corner of Bull and Bear where commodities and certain global markets are concerned. As noted yesterday, my stance is neutral on Unc short-term, but bullish long-term. The question is, does the reviled Euro have more bounce in it or not?
On the live weekly chart USD is up this morning and testing the 94 +/- resistance * area. Long-term supports (not visible on this time frame) and Fibs are lower.
* Honestly, I could not figure out whether to paint that area red (resistance) or green (support). Since it made a weekly close below, I called it resistance. But it is tentative.
