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USDOLLAR Does Not Look Good For Friday

USDOLLAR Does Not Look Good For Friday

Jamie Saettele, CMT, Sr. Technical Strategist

Daily

eliottWaves_us_dollar_index_body_Picture_1.png, USDOLLAR Does Not Look Good For Friday

Chart Prepared by Jamie Saettele, CMT using Marketscope 2.0

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

-USDOLLAR tested the February low today. More importantly, the index has broken the line that extends off of the September 2012 and October 2013 lows.

-1492 is a possible reaction point but the measured target from the break of the February range isn’t until 10427.

LEVELS: 10393 10438 10496 | 10546 10560 10590

--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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