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USDOLLAR Support Estimated at 10540 in Short Term

USDOLLAR Support Estimated at 10540 in Short Term

2014-03-12 00:57:00
Jamie Saettele, CMT, Sr. Technical Strategist
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eliottWaves_us_dollar_index_body_Picture_1.png, USDOLLAR Support Estimated at 10540 in Short Term

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. Near term support is estimated at 10541.

LEVELS: 10455 10496 10541 | 10590 10619 10649

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

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