USDOLLAR 10020 Likely to Contain Offers
60 Minute Bars
Prepared by Jamie Saettele, CMT
The Dow Jones FXCM Dollar Index (Ticker: USDOLLAR) decline from the December high is in 3 waves and the first leg of a larger impulse appears to be unfolding to begin the year. The first leg of the rally may terminate tomorrow with NFP. Keep a close eye on the 10020 figure (former pivot and underside of former trendline). Support for Friday is 9950/70.
--- Written by Jamie Saettele, CMT, Senior Technical Strategist for DailyFX.com
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