USDOLLAR Drops into Support Zone and Reverses
Prepared by Jamie Saettele, CMT
Be sure to stay abreast of the current interpretation of wave structure in risk. The Dow Jones FXCM Dollar Index (Ticker: USDOLLAR) dropped into support from the 20 day average and late May congestion. The decline from the top also consists of 2 equal waves (exact equality would be 10146.75 and the low was 10144.37). In any case, this is a good level to test the long side against 10076.
LEVELS: 10038 10076 10129 10192 10218 10259
--- Written by Jamie Saettele, CMT, Senior Technical Strategist for DailyFX.com
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