USDOLLAR Contends with 7/11 Low at 10757
Chart Prepared by Jamie Saettele, CMT using Marketscope 2.0
Interested in automated trading with Mirror Trader
FOREXAnalysis: The USDOLLAR has turned up from a trendline / channel line confluence. The recent low also occurred at the 6/19 (FOMC day) close. Near term, price contends with the 7/11 low (like USDJPY). 10875-10900 is going to be the most difficult to overcome for bears. 10680 is still support.
FOREX Trading Strategy: Flat
LEVELS: 10586 10644 10680 10768 10862 10875
--- 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.