US DOLLAR 26 JULY 2012

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

Price U turned midway between the 618 and the 786 of the AB swing thus far.

FOR TODAY:

We have a DA618 trading day where we are looking to sell after a rally followed by a bearish cs formation.

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

SHORT: Will be going short only IF:

We have a DA618 trading day where we are looking to sell after a rally followed by a bearish cs formation. If we get the test and the current setup doesn’t hold then we look to the 786 higher up to offer resistance.

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.