Trade FOREX with FXCM

  • Award-Winning Platform
  • 24/7 Customer Support
  • Trade Directly on Charts
  • Free $50K Practice Account

Resources

USDOLLAR Unchanged as Range Conditions Remain

By , Sr. Technical Strategist
09 December 2013 20:49 GMT

Daily

eliottWaves_us_dollar_index_body_Picture_1.png, USDOLLAR Unchanged as Range Conditions Remain

Chart Prepared by Jamie Saettele, CMT using Marketscope 2.0

Automate trades with Mirror Trader and see ideas on other USD crosses

-USDOLLAR consolidation is going on 3 weeks. The break will determine the next move. Measured levels would be about 10745 and 10520.

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

Trading Strategy: Long against 10535.

LEVELS: 10535 10566 10594 | 10638 10669 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

provides forex news and technical analysis on the trends that influence the global currency markets.
Learn forex trading with a free practice account and trading charts from

09 December 2013 20:49 GMT