USDOLLAR; Break Here and its All Over
Chart Prepared by Jamie Saettele, CMT
Automate trades with Mirror Trader and see ideas on other USD crosses
-The sideways trade of the last 6 months should be viewed in a bullish context (although at resistance today (10/1)). BUT, if this long term median line fails to hold, then downside resolution of the 6 month range could lead to USD weakness the extent we haven’t seen in years.
For more analysis and trade setups (exact entry and exit), visit SB Trade Desk
DailyFX provides forex news and technical analysis on the trends that influence the global currency markets.