USDOLLAR August Low at Risk as Price Drops for 4th Day
Chart Prepared by Jamie Saettele, CMT using Marketscope 2.0
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-The USDOLLAR declined for a 4th consecutive day and is just several points above its August low of 10646. A drop below would encounter the line that extends off of the May and June lows at about 10615 on Tuesday.
-The March and April highs are also estimated support is reached at 10586.
Trading Strategy: Flat
LEVELS: 10586 10615 10646 | 10696 10754 10791
--- 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.