USDOLLAR Holds 20 DMA but Resistance at 11475
Chart Prepared by Jamie Saettele, CMT using Marketscope 2.0
-“USDOLLAR is pressing against the line that extends off of the June and October highs and overlapping highs and lows since early November indicate slowing momentum and a market vulnerable to a pullback. 11344 is possible support, followed by 11220.”
-“Watch for support at 11340/50. A break there would suggest a move towards 11200.” Near term (next day or 2), watch for support near 11400 and resistance near 11475.
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