USDOLLAR Lower Parallel Break Needed to Signal Trend Change
02 Apr 2015 19:00, GMTDaily
Chart Prepared by Jamie Saettele, CMT using Marketscope 2.0
Automate trades with Mirror Trader and see ideas on other USD crosses
-USDOLLAR continues to respect well-defined parallels. A drop below the lower parallel would indicate an important behavior change and potential for the largest decline since July 2014. Notice that the March top failed to reach resistance from the upper parallel. This subtlety warns that support will not hold.
DailyFX provides forex news and technical analysis on the trends that influence the global currency markets.