USDOLLAR Possible Reaction Line Just above 2013 High
Chart Prepared by Jamie Saettele, CMT using Marketscope 2.0
-A double bottom with the October 2013 and July 2014 lows in USDOLLAR was confirmed on the push above 10756. The pattern’s objective is 11142 but extreme momentum and sentiment does give scope to a period of weakness in order to reset the market for its next advance. Estimated support is 10815. A longer term target zone is 11324/52.
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