Skip to Content
News & Analysis at your fingertips.

We use a range of cookies to give you the best possible browsing experience. By continuing to use this website, you agree to our use of cookies.
You can learn more about our cookie policy here, or by following the link at the bottom of any page on our site. See our updated Privacy Policy here.

Free Trading Guides
Subscribe
Please try again
Select

Live Webinar Events

0

Economic Calendar Events

0

Notify me about

Live Webinar Events
Economic Calendar Events

H

High

M

Medium

L

Low
More View More
USDOLLAR 11790-11840 Zone Holds Key to Next Move

USDOLLAR 11790-11840 Zone Holds Key to Next Move

Jamie Saettele, CMT, Sr. Technical Strategist

Share:

Daily

Chart Prepared by Jamie Saettele, CMT

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

“It’s interesting to note that USDOLLAR has made turns in the middle of the month each month so far in 2015. With that in mind, this rally may have legs for at least 11900s before coming under significant pressure.”

-The index surpassed 11900 and nearly reached 12050. Today’s (6/2) sharp reversal could be part of a broader topping process but what happens near the retracement zone of the recent rally (50%-61.8% levels are 11790-11840) should aid in handicapping the next move.

For more analysis and trade setups, visit SB Trade Desk

DailyFX provides forex news and technical analysis on the trends that influence the global currency markets.

DISCLOSURES