Tanalys

USDOLLAR Extends Higher after Engulfing Pattern

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 extended higher following the Wednesday engulfing pattern.

-The advance is impulsive and a higher low is in place at 10535. Look higher as long as price is above that level. Look towards 10708 and 10757.

Trading Strategy: Long against 10535.

LEVELS: 10535 10566 10591 | 10646 10690 10708

— 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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