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USDOLLAR Searching for Direction

USDOLLAR Searching for Direction

Jamie Saettele, CMT, Sr. Technical Strategist

Daily

USDOLLAR Searching for Direction

Chart Prepared by Jamie Saettele, CMT

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

“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.” The next move is quite uncertain. Consider 11966 the bearish invalidation level and 11829 the bullish invalidation level. Consider the area between these 2 price levels ‘no man’s land’.

For more analysis and trade setups (exact entry and exit), visit SB Trade Desk

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