USDOLLAR Reverses at 50% of Decline from July High
Chart Prepared by Jamie Saettele, CMT using Marketscope 2.0
Interested in automated trading with Mirror Trader
FOREXAnalysis: No change - “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: Looking to go long in mentioned zone.
LEVELS: 10693 10736 10755 10852 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.