USDollar Takes out Prior Week’s High
Prepared by Jamie Saettele, CMT
The Dow Jones FXCM Dollar Index (Ticker: USDOLLAR) took out last week’s high and low TODAY. Certainly some consolidation can be expected but this action confirms recent bullish suspicions. Expect interim resistance at 10030 but breaks above 10097 and 10134 are expected in the coming weeks.
Bottom Line (next 5 days) – sideways/higher
--- Written by Jamie Saettele, CMT, Senior Technical Strategist for DailyFX.com
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