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USDOLLAR Trades Through Early Month High; Dip and a Rip?

USDOLLAR Trades Through Early Month High; Dip and a Rip?

Jamie Saettele, CMT, Sr. Technical Strategist

Daily

eliottWaves_us_dollar_index_body_Picture_1.png, USDOLLAR Trades Through Early Month High; Dip and a Rip?

Chart Prepared by Jamie Saettele, CMT using Marketscope 2.0

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

-“Technically, the index needs to regain 10586 in order to suggest that the path is higher but Wednesday is obviously a great start.”

-The market has met levels that probably inspire a near term reaction before another bull leg. 10550 is initial support.

LEVELS: 10495 10550 10564 | 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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