When looking at the dollar from July 2014 to Feb 2015 it went from 80 to 95 with little contractual volume as opposed today's move that has hit the critical 92.62 level with what looks like much greater volumes. My point in the previous post asking where is support once breaking 92.62 is with the increased volume. Do we have another 6-8 month window with 80 as major support? That July 2014 to Feb 2015 move was parabolic. The support levels at 88 and 84 look very weak. 80 appears as a true floor. Hard to believe this is setting up this way on a presidential elction year.
The usd jpy currency trade that has mirrored the pm moves since the beginning of the year has a similiar chart also.
I know this sounds strange but the possiblity of a dollar move to 80 in a very short timeframe of months to by the end of the year should be considered if not taken seriously.
