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USDOLLAR Pulls off of 10460; Near Term Unclear

USDOLLAR Pulls off of 10460; Near Term Unclear

2014-04-16 21:42:00
Jamie Saettele, CMT, Sr. Technical Strategist
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eliottWaves_us_dollar_index_body_Picture_1.png, USDOLLAR Pulls off of 10460; Near Term Unclear

Chart Prepared by Jamie Saettele, CMT using Marketscope 2.0

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

-USDOLLAR has broken down. As such, focus shifts to the line that extends off of the 2011 and September 2012 lows. That line is below the October 2013 low over the next few weeks. 10390 (+-) is also possible support.

-The market has turned up from channel support and would need to get back above 10500 to suggest that a low is in place.

LEVELS: 10355 10393 10420 | 10460 10495 10518

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

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