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USDOLLAR Crosses 20 Day Average but Slope is Still Down

USDOLLAR Crosses 20 Day Average but Slope is Still Down

Jamie Saettele, CMT, Sr. Technical Strategist

Daily

USDOLLAR Crosses 20 Day Average but Slope is Still Down

Chart Prepared by Jamie Saettele, CMT using Marketscope 2.0

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

-Bottom line, respect downside potential as long as price is below 10500. 10385/93 is possible support for a low IF a new low is registered. Above 10500 (daily close) would suggest that an important low has formed.

LEVELS: 10410 10440 10465 | 10485 10500 10519

--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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