USDOLLAR Inside Day on An Outside Day Portends Exhaustion
FOREXAnalysis: The outside day yesterday and inside day today provides a reference point for the next move. A drop below Monday’s low would signal downside pressures towards former resistance at 10343/55 and probably the 20 day average (currently near 10300).
FOREX Trading Strategy: Flat
LEVELS: 10274 10308 10364 10444 10500 10608
--- Written by Jamie Saettele, CMT, Senior Technical Strategist for DailyFX.com
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Jamie is the author of Sentiment in the Forex Market.