USDOLLAR Recovers to End Unchanged
Prepared by Jamie Saettele, CMT
“The Dow Jones FXCM Dollar Index (Ticker: USDOLLAR) is nearing the apex of its contracting range that has been underway since last summer.” An explosion higher may be in the works as price has exceeded the trendline that extends off of the March and April highs. Above 10134 would confirm as much. Medium term players should trade from the long side with a stop below the Maylow. 9900/35 is support.
LEVELS: 10097 10038 9935 9900 9827
--- Written by Jamie Saettele, CMT, Senior Technical Strategist for DailyFX.com
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