Daily Bars
Chart Prepared by Jamie Saettele, CMT using Marketscope 2.0
Are you new to FX or curious about your trading IQ?
FOREXAnalysis: The USDOLLAR has traded in a sloppy range since the March high, which has me wondering if the pattern since that point is a triangle. If a triangle is underway, then expect several more weeks (at least) of wild swings in a tightening range before a breakout to new highs. Near term resistance is 10545.
FOREX Trading Strategy: Flat
LEVELS: 10391 10442 10490 10545 10576 10608
— 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
Subscribe to Jamie Saettele’sdistribution list in order to receive actionable FX trading strategy delivered to your inbox. Jamie is the author of Sentiment in the Forex Market.