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USDOLLAR Dips into Trendline Support

USDOLLAR Dips into Trendline Support

Jamie Saettele, CMT, Sr. Technical Strategist

Daily

eliottWaves_us_dollar_index_body_Picture_1.png, USDOLLAR Dips into Trendline Support

Chart Prepared by Jamie Saettele, CMT using Marketscope 2.0

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

-USDOLLAR action since 11/19 is sloppy but higher highs and lows are in place.

-A larger bullish bias is being put to test now as price is testing trendline support. Failure to hold 10619 would put the larger positive bias on hold.

LEVELS: 10596 10631 10653 | 10687 10722 10756

--Trading specifics (setups with entries, stops, targets) are availabletoJ.S. Trade Desk members.

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

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