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USDOLLAR 10406 in Focus as Support with Trendline

USDOLLAR 10406 in Focus as Support with Trendline

2014-06-26 19:21:00
Jamie Saettele, CMT, Sr. Technical Strategist
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USDOLLAR 10406 in Focus as Support with Trendline

Chart Prepared by Jamie Saettele, CMT using Marketscope 2.0

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

-“Thursday’s reversal, from below the 200 DMA mind you, shifts immediate focus lower (a new high still faces trendline resistance and the 200 DMA). The cleanest levels for support are 10435 (former low and 61.8% retracement) and 10406.”

-USDOLLAR continue to trade around 10435. Early July and 10406 would be the ideal time and price for a reversal.

LEVELS: 103231037010406 | 104511049610524

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

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