USDOLLAR Fills Gap; Larger Channel Still Resistance
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
To contact Jamie e-mail firstname.lastname@example.org. 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 email@example.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.