USDOLLAR Wedge Reversal Underway; Bullish on a Dip
Chart Prepared by Jamie Saettele, CMT using Marketscope 2.0
Interested in automated trading with Mirror Trader
FOREXAnalysis: USDOLLAR looks most similar to EURUSD and USDCHF. The decline can be treated as an A-B-C from the top with wave C as a diagonal. The rally from yesterday’s low is impulsive (5 waves) and a pullback would present an opportunity to buy against 10693. Support is 10736/55.
FOREX Trading Strategy: Flat
LEVELS: 10693 10736 10755 10827 10867 10926
--- Written by Jamie Saettele, CMT, Senior Technical Strategist for DailyFX.com
To contact Jamie e-mail email@example.com. 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.