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USDOLLAR Breaks Major Trendline Support

USDOLLAR Breaks Major Trendline Support

2014-07-01 20:08:00
Jamie Saettele, CMT, Sr. Technical Strategist
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USDOLLAR Breaks Major Trendline Support

Chart Prepared by Jamie Saettele, CMT using Marketscope 2.0

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

-The USDOLLAR has broken long term trendline support and is just ticks from the October 2013 low at 10354. A drop below that level faces the 2012 high at 10323. Exceeding 10420 is needed in order to break the near term downtrend.

LEVELS: 103231037010406 | 104511049610524

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

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