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USDOLLAR 10584 Could Provide Support

USDOLLAR 10584 Could Provide Support

Jamie Saettele, CMT, Sr. Technical Strategist


Chart Prepared by Jamie Saettele, CMT using Marketscope 2.0

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

-“The drop below the support line indicates that trend has changed (to at least sideways and maybe down).”

-“A double top target remains at 10623 and today’s (5/5) reversal at the breakdown level from that pattern is viewed in a bearish light.” 10623 has nearly been reached. The 1/15 low at 10584 is of interest for support.

For more analysis and trade setups, visit SB Trade Desk

DailyFX provides forex news and technical analysis on the trends that influence the global currency markets.