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USDOLLAR Testing Significant Level at 10951

USDOLLAR Testing Significant Level at 10951

Jamie Saettele, CMT, Sr. Technical Strategist

Daily

USDOLLAR Testing Significant Level at 10951

Chart Prepared by Jamie Saettele, CMT using Marketscope 2.0

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

-“After flirting with the line that extends off of the 2011 and 2012 lows for 3 weeks, the USDOLLAR found legs. The bullish outside month in July is a good way for long term USD strength to resume.”

-“The USDOLLAR has blasted through everything that I thought would at least lead to a multiday sideways to down move.” A counter move may finally be underway after the market tagged the close of the high day for 2013 at 10951.

--Trading ideasare available to J.S. Trade Desk members.

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