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USDOLLAR 7/11 Proves too Much; Back at Trendlines

USDOLLAR 7/11 Proves too Much; Back at Trendlines

Jamie Saettele, CMT, Sr. Technical Strategist

Daily

eliottWaves_us_dollar_index_body_usdollar.png, USDOLLAR 7/11 Proves too Much; Back at Trendlines

Chart Prepared by Jamie Saettele, CMT using Marketscope 2.0

Interested in automated trading with Mirror Trader

FOREXAnalysis: The USDOLLAR is back at a trendine/channel confluence. If 10652 fails to hold, then there is nothing in the way of support until the April high at 10586.

FOREX Trading Strategy: Flat

LEVELS: 10586 10644 10680 10715 10760 10803

--- Written by Jamie Saettele, CMT, Senior Technical Strategist for DailyFX.com

To contact Jamie e-mail jsaettele@dailyfx.com.  Follow me on Twitter for real time updates @JamieSaettele

Subscribe to Jamie Saettele'sdistribution list in order to receive actionable FX trading strategy delivered to your inbox. Jamie is the author of Sentiment in the Forex Market.

DailyFX provides forex news and technical analysis on the trends that influence the global currency markets.

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