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USDOLLAR in No Man’s Land; Break Targets 10830 or 10708

USDOLLAR in No Man’s Land; Break Targets 10830 or 10708

Jamie Saettele, CMT, Sr. Technical Strategist

Daily

eliottWaves_us_dollar_index_body_usdollar.png, USDOLLAR in No Man’s Land; Break Targets 10830 or 10708

Chart Prepared by Jamie Saettele, CMT using Marketscope 2.0

Automate trades with Mirror Trader

-The USDOLLAR decline from the July high in 3 waves (corrective).

-Estimated support is 10708 and 10672

Trading Strategy: Look for a low near 10708 or even 10672 to get long against 10646.

LEVELS: 10646 10672 10708 | 10797 10813 10830

--- 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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