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USDOLLAR Must Hold Tuesday Low to Remain Constructive

USDOLLAR Must Hold Tuesday Low to Remain Constructive

2014-02-26 00:16:00
Jamie Saettele, CMT, Sr. Technical Strategist
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eliottWaves_us_dollar_index_body_Picture_1.png, USDOLLAR Must Hold Tuesday Low to Remain Constructive

Chart Prepared by Jamie Saettele, CMT using Marketscope 2.0

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

-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. The push above 10603 is constructive.

LEVELS: 10525 10556 10575 | 10619 10649 10675

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

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