USDOLLAR Short Term Wave Count Turn Potential from Slightly Lower
Chart Prepared by Jamie Saettele, CMT using Marketscope 2.0
Automate trades with Mirror Trader
-The USDOLLAR made an inside day last Thursday after declining 1.27% last Wednesday. That was the largest one day decline since 6/29/12, which was also 1.27%.
-Near term pattern is coming into focus. The rally from 10471 consists of 5 waves and a dip under 10527 could complete a 3 wave correction from the 9/20 high. Watch 10512/20 for support.
Trading Strategy: Look for a low near 10520.
LEVELS: 10391 10469 10520 | 10584 10627 10642
--- 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.