Daily
Chart Prepared by Jamie Saettele, CMT
DailyFX Trading Guides and Forecasts
-The last few USDOLLAR update noted that “the turn lower casts a vote in favor of the head and shoulders top pattern. A break of 12000 is needed in order to complete the pattern…focus is lower but be aware of 11970 and/or 11909 for possible support.” 11970 held for a few days then the Fed blew up the buck. Barring a few days of consolidation, the next support isn’t until 11730s (February, April, and June lows).
For more analysis and trade setups (exact entry and exit), visit SB Trade Desk
