Tanalys

USDOLLAR Small Range Key Reversal Unfolds at 2 Month Highs

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 today (highest since 9/16) but failed to close at a new high (key reversal).

-A higher low is in place at 10535. Look higher towards 10708 and 10757 as long as price is above 10535. 10577-10609 is estimated support.

Trading Strategy: Long against 10535.

LEVELS: 10544 10577 10609 | 10690 10708 10801

— 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

Exit mobile version