USDOLLAR Holding on for Dear Life at 10650
Chart Prepared by Jamie Saettele, CMT using Marketscope 2.0
Interested in automated trading with Mirror Trader
FOREXAnalysis: The USDOLLAR has responded once more to a trendine/channel confluence. It’s important to note that the 6/19 close (FOMC day) has continued to act as support as well. Price is just one day removed from a multi-month low so it’s premature to call an important turn but price holding support is a good sign.
FOREX Trading Strategy: Flat
LEVELS: 10586 10644 10661 10715 10760 10803
--- 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.