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USDOLLAR Retraces into FOMC Day Close Price

USDOLLAR Retraces into FOMC Day Close Price

2016-03-22 19:06:00
Jamie Saettele, CMT, Sr. Technical Strategist
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USDOLLAR Retraces into FOMC Day Close Price

Chart Prepared by Jamie Saettele, CMT

DailyFX Trading Guides and Forecasts

-A head and shoulders top completed in the USDOLLAR index earlier in March on the break below 12000. Follow through after FOMC has been retraced but technically, this may be nothing more than a re-test of the breakdown level. The next support is probably 11730s (February, April, and June lows).

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

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