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USDOLLAR Long Term Support in Focus Near 11950

USDOLLAR Long Term Support in Focus Near 11950

Jamie Saettele, CMT, Sr. Technical Strategist


USDOLLAR Long Term Support in Focus Near 11950

Chart Prepared by Jamie Saettele, CMT

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

-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.

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

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