Tanalys

USDOLLAR Churning Sideways before Next Leg Higher

Daily

Chart Prepared by Jamie Saettele, CMT using Marketscope 2.0

Automate trades with Mirror Trader and see ideas on other USD crosses

USDOLLAR traded to a 2 month high last week (highest since 9/16).

-A higher low is in place at 10535. Look higher towards 10708 and 10757 as long as price is above 10535.

Trading Strategy: Long against 10535. Ideally, we can move the stop to 10594 in the next few days.

LEVELS: 10566 10594 10625 | 10661 10708 10757

— 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

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