US DOLLAR 8 AUGUST 2012

PLEASE SEE MESSAGE AT THE TOP OF TODAY'S BLOG AND THE POLL ABOVE.

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We are still in the AB bullish swing on the dollar index with price having reached the A low of this swing.

FOR TODAY:

Price seemed to have held at the support lows, we will see if we get another test of it or if just rally from current levels higher up.

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

SHORT: Will be going short only IF:

No short trades considered at present.

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

LONG: Will be going long today only IF:

We are looking to buy after dips followed by bullish cs formations. Limits here will be up at 100.63.

A sustained break of the A low negates this view and opens the downside.

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