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Trade idea: Buy Dollar Index despite Thanksgiving closure
Ian Coleman from First 4 Trading is focusing on the Dollar Index, and particularly on USDCHF. He says that despite the US market being closed for Thanksgiving, the Dollar Index has demonstrated potential.
He explains the USDCHF experienced a four week low yesterday, stirring buying at .9040 creating positive gains.
Based on the bullish bias Coleman witnessed, he is looking to buy on a dip at .9066 and a break at .9085 with a stop of 30 pips. His dip targets are set at .9091, .9108, and .9140. The break targets are set at .9108 and .9140.
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01:37 minutes
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