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USDOLLAR Nears Measured Level of 11698

USDOLLAR Nears Measured Level of 11698

Jamie Saettele, CMT, Sr. Technical Strategist

Weekly

USDOLLAR Nears Measured Level of 11698

Chart Prepared by Jamie Saettele, CMT using Marketscope 2.0

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

-The USDOLLAR is nearing a major target defined by equality between legs from the 2014 low. That level is 11698. That level could provide resistance for a pullback. Weakness below 11510 is needed to suggest potential for a top of some importance.

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

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