USDOLLAR Churning Sideways before Next Leg Higher
Chart Prepared by Jamie Saettele, CMT using Marketscope 2.0
-USDOLLAR traded to a 2 month high last week (highest since 9/16).
-A higher low is in place at 10535. Look higher towards 10708 and 10757 as long as price is above 10535.
Trading Strategy: Long against 10535. Ideally, we can move the stop to 10594 in the next few days.
LEVELS: 10566 10594 10625 | 10661 10708 10757
--- Written by Jamie Saettele, CMT, Senior Technical Strategist for DailyFX.com
To contact Jamie e-mail email@example.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.