DX1! US Dollar Futures at Supply + Cypher pattern
US Dollar futures at Supply + Cypher pattern + RSI overbought = Supports a short term EURUSD rally (See Shark Post)
The FXCM Dollar Index is lagging the futures (arbitrage CFD vs. Futures?) as it has not reached the supply level that is present on the Futures chart
Does not surprise me as CFD's are based on futures and are not the same animal
i put more faith in futures as they are exchange traded and represent exchange regulated contracts, so have a little more confidence in my EURUSD long trade just a small confirmation that the trade is agreeing with the USD
The FXCM Dollar Index is lagging the futures (arbitrage CFD vs. Futures?) as it has not reached the supply level that is present on the Futures chart
Does not surprise me as CFD's are based on futures and are not the same animal
i put more faith in futures as they are exchange traded and represent exchange regulated contracts, so have a little more confidence in my EURUSD long trade just a small confirmation that the trade is agreeing with the USD