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USDOLLAR Extends Higher after Engulfing Pattern

USDOLLAR Extends Higher after Engulfing Pattern

2013-11-21 21:45:00
Jamie Saettele, CMT, Sr. Technical Strategist
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Daily

eliottWaves_us_dollar_index_body_Picture_1.png, USDOLLAR Extends Higher after Engulfing Pattern

Chart Prepared by Jamie Saettele, CMT using Marketscope 2.0

Automate trades with Mirror Trader and see ideas on other USD crosses

-USDOLLAR has extended higher following the Wednesday engulfing pattern.

-The advance is impulsive and a higher low is in place at 10535. Look higher as long as price is above that level. Look towards 10708 and 10757.

Trading Strategy: Long against 10535.

LEVELS: 10535 10566 10591 | 10646 10690 10708

--- 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

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

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