USDOLLAR Probes June Low and 10000
Prepared by Jamie Saettele, CMT
The Dow Jones FXCM Dollar Index (Ticker: USDOLLAR) broke to new lows earlier than anticipated. A bearish triangle from 10025 was proposed yesterday in which case price would have traded sideways for a week or so before the terminal thrust lower. Focus is on the internal downward sloping channel which intersects the 100% extension of the decline from 10223 at 9986 tomorrow.
LEVELS: 9938 9986 10026 10063 10088 10111
--- Written by Jamie Saettele, CMT, Senior Technical Strategist for DailyFX.com
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