Daily
Chart Prepared by Jamie Saettele, CMT using Marketscope 2.0
Automate trades with Mirror Trader and see ideas on other USD crosses
-USDOLLAR has broken near term channel support. The break suggests that weakness has transitioned from corrective to impulsive. After 9 consecutive days down, the market is in need of a pullback. Former lows from 10599 to 10619 are possible resistance.
-Near term focus is on 10535/65. Continue to use the 2/7 outside day high as a line in the sand for trend.
LEVELS: 10438 10493 10565 | 10619 10649 10675
–Trading specifics (setups with entries, stops, targets) are availabletoJ.S. Trade Desk members.