USDOLLAR Nears Support Line after 3rd Consecutive Decline
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 10048.” Price is currently testing support from former trendline resistance and its 60 day average, which has been reliable support since mid-June. As such, I am looking higher against the latest swing low of 10048.
LEVELS: 10025 10048 10090 10126 10155 10184
--- Written by Jamie Saettele, CMT, Senior Technical Strategist for DailyFX.com
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