USDOLLAR Consolidation Going on 2 Weeks
Chart Prepared by Jamie Saettele, CMT using Marketscope 2.0
-USDOLLAR consolidation is now 9 days long. The break will determine the next move. Measured levels would be about 10745 and 10520.
-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 | 10638 10669 10708
--- 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.