USDOLLAR Fibonacci Relationships at Work
Chart Prepared by Jamie Saettele, CMT using Marketscope 2.0
-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 61.8% retracement of the advance from 10354 held as support again on Thursday.
-The index needs to regain 10619 in order to suggest that the path is higher.
LEVELS: 10455 10496 10515 | 10562 10590 10619
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