USDOLLAR Tags March High; Support Now 10050
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. Price tested the March high today (10097) and focus is now on the October high at 10134. Trading through there would signal a major breakout towards a measured level of nearly 11000. Favor the upside against 10019. 10050/75 is support.
LEVELS: 10134 10050/75 10019
--- Written by Jamie Saettele, CMT, Senior Technical Strategist for DailyFX.com
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