USDOLLAR Long Term Support in Focus Near 11950
Chart Prepared by Jamie Saettele, CMT
-The last update noted that “resistance turned support is bullish so a constructive view is appropriate as long as last week’s low is in place. A drop below would shift focus to long term slope that was support in May, August, and October. If THAT breaks, then the bull has left the building.” The constructive view is no longer given the drop below last week’s low. Focus is on the mentioned longer term support.
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