USDOLLAR Trades to New High but Close is Uninspiring
Chart Prepared by Jamie Saettele, CMT using Marketscope 2.0
-USDOLLAR has traded through the December and January highs. Action since 11/19 is sloppy but higher highs and lows are in place.
-The move above 10727 opens up the 8/20 high at 10812 as well as a measured move at 10835 although a wider period of ranging is possible, especially following today’s uninspired close.
-A poke above 10728 would make 2 consecutive outside weeks.
LEVELS: 10631 10653 10688 | 10750 10812 10835
--Trading specifics (setups with entries, stops, targets) are availabletoJ.S. Trade Desk members.
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