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USDOLLAR 6 Days Up; First Time Since 5/29 and 6/1

USDOLLAR 6 Days Up; First Time Since 5/29 and 6/1

Jamie Saettele, CMT, Sr. Technical Strategist

Weekly

USDOLLAR 6 Days Up; First Time Since 5/29 and 6/1

Chart Prepared by Jamie Saettele, CMT

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

-Remember, the sideways trade of the last 6 months should be viewed in a bullish context. The reversal on 10/15 was confirmed on the next day’s rally and it’s been straight up for the USDOLLAR index since then. Watch for support near recent resistance (10/14 high at 11970) in order to maintain a near term constructive view.

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

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