Daily
Chart Prepared by Jamie Saettele, CMT
DailyFX Trading Guides and Forecasts
-There is no change to the analysis of the USDOLLAR index, which is ‘stuck’ in a tight range. “Despite the surge post Brexit, price action since March 2015 may compose a major top. Resistance extends up to the year open at 12131 and April 2015 high at 12162.” Today’s rally has sent the index into 12000 and a long term parallel. The current juncture is important. For more on the USDOLLAR, watch this video.
For more analysis and trade setups (exact entry and exit), visit SB Trade Desk