Daily Bars

Prepared by Jamie Saettele, CMT
The Dow Jones FXCM Dollar Index (Ticker: USDOLLAR) has reversed off of channel resistance. A break higher is ultimately expected but probably not before a much needed pullback. 10130 is interim support but 10047-10076 is a zone that of interest over the next 1-2 weeks. Having filled the gap left open from Sunday’s open, price may be free to resume its corrective pattern.
LEVELS: 10047 10076 10130 10225 10309
--- Written by Jamie Saettele, CMT, Senior Technical Strategist for DailyFX.com
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Jamie is the author of Sentiment in the Forex Market.