Daily
Chart Prepared by Jamie Saettele, CMT using Marketscope 2.0
Automate trades with Mirror Trader and see ideas on other USD crosses
-Bigger picture traders should be looking to participate in the long term bull. The decline from the top can be characterized as a wedge. Support is at 101.63 and 101.26 (the former level has already been reached).
-A push above 102.85 would set sights on the 1/29 high at 103.43. This level is in line with possible channel resistance on Tuesday.
LEVELS: 101.26 101.63 102.24 | 102.70 103.44 103.86
–Trading specifics (setups with entries, stops, targets) are availabletoJ.S. Trade Desk members.