USDOLLAR 11863 is an Important Near Term Pivot
Chart Prepared by Jamie Saettele, CMT
“It’s interesting to note that USDOLLAR has made turns in the middle of the month each month so far in 2015. With that in mind, this rally may have legs for at least 11900s before coming under significant pressure.”
-“The index surpassed 11900 and nearly reached 12050. Today’s (6/2) sharp reversal could be part of a broader topping process.” A break below 11863 would turn the picture negative (currently neutral) for at least 11736.
DailyFX provides forex news and technical analysis on the trends that influence the global currency markets.