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USDOLLAR Holds 20 DMA but Resistance at 11475

USDOLLAR Holds 20 DMA but Resistance at 11475

2014-12-11 18:33:00
Jamie Saettele, CMT, Sr. Technical Strategist
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USDOLLAR Holds 20 DMA but Resistance at 11475

Chart Prepared by Jamie Saettele, CMT using Marketscope 2.0

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

-“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.

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

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