Daily
Chart Prepared by Jamie Saettele, CMT using Marketscope 2.0
Automate trades with Mirror Trader and see ideas on other USD crosses
–“USDOLLAR broke lower from consolidation on Tuesday but completely retraced the move on Wednesday. Such action is typical of false breaks.”
-Higher lows are in place since Oct with the latest low at 10620. Look higher towards 10757 and 10812 as long as price is above 10620.
Trading Strategy: Long, against 10620.
LEVELS: 10594 10620 10669 | 10708 10757 10812
— Written by Jamie Saettele, CMT, Senior Technical Strategist for DailyFX.com
To contact Jamie e-mail jsaettele@dailyfx.com. Follow me on Twitter for real time updates @JamieSaettele