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USDOLLAR Holding on for Dear Life at 10650

USDOLLAR Holding on for Dear Life at 10650

2013-08-19 22:14:00
Jamie Saettele, CMT, Sr. Technical Strategist
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eliottWaves_us_dollar_index_body_usdollar.png, 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 jsaettele@dailyfx.com.  Follow me on Twitter for real time updates @JamieSaettele

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

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