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DXY: USD approaching 78.70/60 neckline (78.70 also 50% fib)

US DOLLAR CURRENCY INDEX (INDEX:DXY)  
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INDEX:DXY   US DOLLAR CURRENCY INDEX
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- Since becoming support in May 2012 the 78.70 level has been solid.
- You now have a H&S set up on the weekly with the 50% retrace as the neckline.
- If this confluence of support is broken on the weekly chart it would be very bearish for USD.
- Very possible we could bounce from this level as it will be well defended.
Aviso legal

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