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The U.S. Dollar is entering a potential support zone that took place back in 2008, before the financial crisis picked up speed. IF the U.S. Dollar breaks below this support zone, FXA will continue its upward ways!
Game Plan…Currency investors bought FXA at (1). Since the purchase on the breakout, FXA is up over 8%. Keep a 2% stop in on FXA.
It is time for the Ben show…let the news conference begin!
