Daily
Chart Prepared by Jamie Saettele, CMT using Marketscope 2.0
Automate trades with Mirror Trader and see ideas on other USD crosses
–“USDOLLAR broke lower from consolidation on Tuesday but completely retraced the move on Wednesday. Such action is typical of false breaks.”
-Another higher low is now in place at 10566. Look higher towards 10757 and 10812 as long as price is above 10566.
Trading Strategy: Long, risk is moved up to 10565 from 10535.
LEVELS: 10535 10566 10620 | 10693 10757 10812
— 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