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USDOLLAR Near Term Pattern is Constructive after Dip to 10540

USDOLLAR Near Term Pattern is Constructive after Dip to 10540

Jamie Saettele, CMT, Sr. Technical Strategist

Daily

eliottWaves_us_dollar_index_body_Picture_1.png, USDOLLAR Near Term Pattern is Constructive after Dip to 10540

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 on Friday and followed through on Monday. As such, last week’s drop may have completed a larger bearish episode.

-The index needs to regain 10619 in order to suggest that the path is higher.

LEVELS: 10455 10496 10541 | 10590 10619 10649

--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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