USDOLLAR Support Estimated at 10323-10365
Chart Prepared by Jamie Saettele, CMT using Marketscope 2.0
FOREXAnalysis: The expected USDOLLAR dip appears to be underway. In fact, a short term head and shoulders top was confirmed on Friday. The objective for the topping pattern is 10323, which happens to be the 2012 high. The 2/25 low is also of interest as support. In summary, look lower towards 10323/65 before thinking about buying a dip.
FOREX Trading Strategy: Flat
LEVELS: 10323 10365 10413 10514 10576 10611
--- Written by Jamie Saettele, CMT, Senior Technical Strategist for DailyFX.com
To contact Jamie e-mail firstname.lastname@example.org. Follow me on Twitter for real time updates @JamieSaettele
DailyFX provides forex news and technical analysis on the trends that influence the global currency markets.