USDOLLAR Doji Puts Brakes on Immediate Breakout
Chart Prepared by Jamie Saettele, CMT using Marketscope 2.0
-USDOLLAR has dropped into (and held) 10385. This was estimated support from October 2013 although a more important zone is defined by the June 2012 high and October 2013 low at 10323/55. The top of the zone is also home to the line that extends off of the 2011 and 2012 lows and downward sloping channel support.
-Exceeding 10495 would suggest that an important low is in place. Near term, today’s doji warns of weakness in the coming days.
LEVELS: 104101042910445 | 104761049510518
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