USDOLLAR Nears Measured Level of 11698
Chart Prepared by Jamie Saettele, CMT using Marketscope 2.0
-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.
DailyFX provides forex news and technical analysis on the trends that influence the global currency markets.