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USDOLLAR at Highest Level Since March

USDOLLAR at Highest Level Since March

Jamie Saettele, CMT, Sr. Technical Strategist

Daily Bars

eliottWaves_us_dollar_index_body_usdollar.png, USDOLLAR at Highest Level Since March

Prepared by Jamie Saettele, CMT

“The Dow Jones FXCM Dollar Index (Ticker: USDOLLAR) continues to advance. The index marches higher nearly every day and may be on the verge of a significant bullish breakout March and October highs still to contend with at 10097 and 10134). Favor the upside against 10016. A drop below would shift focus to 9975.

LEVELS: 10134 10097 10049 10016 9975

--- Written by Jamie Saettele, CMT, Senior Technical Strategist for DailyFX.com

To contact Jamie e-mail jsaettele@dailyfx.com.  Follow me on Twitter @JamieSaettele

To be added to Jamie’s e-mail distribution list, send an e-mail with subject line "Distribution List" to jsaettele@dailyfx.com

Jamie is the author of Sentiment in the Forex Market.

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

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