USDOLLAR at Potential Support from 61.8% Retracement
Prepared by Jamie Saettele, CMT
We should know in the next few days whether or not the Dow Jones FXCM Dollar Index (Ticker: USDOLLAR) is going to continue higher from above or below 10025. Price is currently testing support from former trendline resistance and the 61.8% retracement of the advance from 10048. As such, I am looking higher against the latest swing low of 10048.
LEVELS: 10025 10048 10090 10142 10170 10195
--- Written by Jamie Saettele, CMT, Senior Technical Strategist for DailyFX.com
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