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USDOLLAR Consolidations Increasing in Time

USDOLLAR Consolidations Increasing in Time

2013-12-04 00:25:00
Jamie Saettele, CMT, Sr. Technical Strategist
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Daily

eliottWaves_us_dollar_index_body_Picture_1.png, USDOLLAR Consolidations Increasing in Time

Chart Prepared by Jamie Saettele, CMT using Marketscope 2.0

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

-USDOLLAR traded to a nearly 3 month high (again) on Wednesday before settling near the middle of the day’s range.

-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.

LEVELS: 10535 10566 10594 | 10658 10708 10757

--- 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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