USDOLLAR Short Term Breakout Strategy Described
Prepared by Jamie Saettele, CMT
The Dow Jones FXCM Dollar Index (Ticker: USDOLLAR) has taken out both support and resistance over the last 2 days but is unchanged on a net basis. Use the last 2 days’ price extremes as pivots. In other words, be bullish above 9946 towards the triangle resistance line (if it is a triangle) and bearish below 9784 towards 9665 and the triangle support line).
--- Written by Jamie Saettele, CMT, Senior Technical Strategist for DailyFX.com
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