US DOLLAR 20 JULY 2012

USDOLLAR - follow me on twitter @fxdailyforecast and stocktwits.com/fxg

Price fell yesterday to break the A support low.

FOR TODAY:

We now have a new AB downswing, we now need a retracement back to the 618/786 for a short trade set-up.

If we don’t get the set-up we are looking for then we don’t trade.

SHORT: Will be going short only IF:

No short trade setups at present, we need a retracement up to the 618/786.

If we don’t get the setup we are looking for then we don’t trade.

LONG: Will be going long today only IF:

No long trades at present.

If we don’t get the setup we are looking for then we don’t trade.