USDOLLAR Rebounds after 10550 Test
Chart Prepared by Jamie Saettele, CMT using Marketscope 2.0
-USDOLLAR made a key reversal at the line that extends off of the 2012 and October 2013 lows on 2/17. Price needs to exceed 10619 (preferably on a daily closing basis) in order to suggest that the market has turned the corner.
-The market did find support near 10554 on Tuesday. As long as price is below 10603, there is risk of a drop to a new low (below 10520) in order to complete 5 waves down from 10756.
LEVELS: 10492 10520 10554 | 10589 10619 10649
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