Volatility set to rise dramatically this week
Last week I wrote about the double top on the USDIndx. We saw some dramatic moves around the highs and the price has come back to rest once again within pips of this important level. What is noteworthy is we briefly broke the old high and came back a market-close to rest just below this critical line of .8843. So although there is a lack of real clarity in the direction the moves at the beginning of the week, (maybe even Sunday at opening) will likely be fast and furious. Look for extreme