Trouble with 84?

Could we have witnessed a false breakout with the US dollar? It sure looks to me that the Dollar is having some trouble holding onto the 84 handle. Take a look and keep in mind that Ben Bernanke testifies tomorrow!

Next let us take a look at the Euro, we may have bottomed just below 128 and it appears we may head higher, with Bernanke speaking tomorrow, we just may see the Euro back above 130. The one thing that I would like to point out is the Euro collapsed down through 12755 on the Cypress news and then bottomed. We all know that Europe has its problems but we may have something brewing here!

Next is the CAD, yes we broke below 97 twice with this move but it did not stay below for very long!

Buying has come in, we may have seen the bottom here as well. The markets have been rough as of late, that is why we use stops. If this is indeed the top in the dollar, we have some excellent upside opportunities, especially in the Euro, that daily chart certainly is appealing to my eye!

Short, sweet and to the point this evening- trade at your own risk!

Good Night
Martin